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%

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