PIOJ says Jamaica’s economy remained relatively flat for the April – June quarter, recording estimated growth of 0.1%
The Planning Institute of Jamaica (PIOJ) says the country’s economy remained relatively flat for the April-June period, recording an estimated growth of 0.1% when compared to the similar quarter last year.
PIOJ’s Director General, Dr. Wayne Henry gave the preliminary estimate during a press conference this morning.
Dr. Henry explained that the estimated growth for the April/June quarter largely reflected the normalization of performances of most industries, following the return to pre-COVID-19 levels of output.
He said a relatively high level of employment, challenges associated with a fire at Petrojam’s refinery and growth in the economies of Jamaica’s major trading partners are among the factors that influence the period’s performance.
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