Planning Institute says Jamaica’s short term economic prospects remain positive
The Planning Institute of Jamaica (PIOJ) says the prospects for the Jamaican economy remain positive in the short to medium term, with growth of 2.5% to 3.5% expected this quarter.
Speaking at a quarterly press briefing on Wednesday, PIOJ Director General Dr. Wayne Henry noted that the removal of the previously implemented COVID-19 containment measures has led to an improved outlook.
He said expansion of economic activities is expected in most industries.
Dr. Henry noted however, that there are some risks to the projections.
He noted that for October to December this year, it is projected that the economy will grow within a range of 2.5% to 3.5% resulting in a calendar year growth in the range of 4% to 5%.