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Jamaica's economic growth still subdued - IMF

The International Monetary Fund (IMF) is again reporting that Jamaica is not out of the woods where economic growth is concerned.
 
The multilateral lending agency which published its 4th review of Jamaica's economy under the Precautionary Stand-by Arrangement, pointed out that after almost six years of economic reforms, growth remains subdued.
 
The IMF says private sector investors have not taken full advantage of the opportunities presented by the favourable economic conditions. 
 
The agency also highlighted that over the six years of economic reforms unemployment fell to an 11-year low while poverty shrinked to a nine-year low.
 
In addition, inflation is low, public debt is firmly on a downward trajectory, and international reserves are at historic highs. 


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