Categories: News

The Causes, Implications, And Solutions To Jamaica’s Stagnant Growth

Topics to highlight in this Panel Discussion:

-The economy grew by only 0.1 percent in the quarter ending December 2019

-The economy has grown for 20 executive quarters

-A decline in the mining and quarrying industry

-A slowdown in construction activities

-PIOJ predicting GDP to grow with the range of 0% to 1% for the January to March 2020 quarter

-The slow rollout of new strategic investment projects

-Positives: increase hotel room and air seat capacity, more output per hectare for some domestic crops

-Positives: lower interest rates and a relatively stable macro-economic environment.

-The goods-producing industry contracted by an estimated 3.8 per cent -Mining and quarrying contracted by as much as 38.7 per cent

-Alumina production fell by 44.9 per cent

-Lower levels of alumina production are expected to last between 15 and 21 months

-Fruit production up 44.1%

-Hotels and restaurant industry expanded by 3.5 per cent. Construction industry declined by 2%

Recent Posts

J. Wray & Nephew Limited Expands Portfolio with Distribution of Courvoisier

J. Wray & Nephew Limited, a subsidiary of Campari Group, has expanded its premium spirits…

4 days ago

Mikael Phillips Says He’s Subject of IC Report Sent to Parliament

Based on media reports and calls from journalists, I understand that I am the subject…

3 weeks ago

Criminal Threats Halt Work on Mandela Highway, Government Vows to Press On

Work to improve a critical section of the Mandela Highway through Central Village came to…

4 weeks ago

All Set for N.E.S.A. By-Election

The voters of St. Ann North Eastern go to the polls today (September 30, 2024)…

1 month ago

Integrity Commission Slams Fake Document Amid Leak Controversy

Reprehensible, abominable, and repulsive! That’s how the Integrity Commission is describing a fake document circulating…

2 months ago

St James Man Charged for Murder

Detectives in St. James have charged 30-year-old Joseph McKenzie, also known as "Geo," with the…

2 months ago