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CDB points to positive medium-term outlook for Jamaica

The Barbados-based Caribbean Development Bank (CDB) says the medium-term outlook for Jamaica is positive with 1.7 per cent growth projected for the 2018-19 financial year.
 
In its "Country Economic Review of  Jamaica", the CDB said tourism, manufacturing, agriculture, and construction are the sectors most likely to drive growth in the short term.
 
It said the productivity-enhancing reforms and public investments that have been undertaken during the implementation of  government's reform programme are expected to contribute to increased domestic demand.
 
According to the devleopment bank, Jamaica's public debt is on track to reach 60 per cent of  GDP by the 2025/26 fiscal year.
 
However, the CDB says key downside risks, including macroeconomic and weather related shocks, policy reversal of  the structural reforms, and high crime rates can derail growth prospect.


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