Jamaica: Economy Sees Consistent Growth For 18 Consecutive Quarters

Prime Minister Andrew Holness said the local economy has been experiencing consistent growth for almost 18 consecutive quarters.

Speaking to participants at the Ministry of Economic Growth and Job Creation’s Strategic Leadership Retreat at Moon Palace in Ocho Rios, St Ann, on June 6, Holness said that Jamaica is seeing a return to sustainable periods of significant economic growth not witnessed in the country in years.

For the 2018 calendar year, the economy grew by 1.9 per cent.

The prime minister argued that if the economy continues to maintain this level of growth and achieves two per cent growth [for the year], then Jamaica will be on a trajectory “to its true growth potential, which is about five per cent”.

“It shows that there is a certain level of sustainability in what we [the Government] are doing, and even though we have had some shocks, we can still recover and keep growing. It is still a good sign that something right is happening within the economy to keep generating quarter after quarter growth,” Holness said.


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