IMF Sees Jamaica Debt Below 100% of GDP for 1st Time Since 2001

IMF releases a statement on Jamaica following staff visit to the island.

• Buoyancy in tax revenue supporting more capital spending, helping economic activity and living standards
• “Public debt is expected to fall below 100 percent of GDP by the end of this fiscal year, for the first time since FY2000/01”
• The unemployment rate is at an all-time low of 8.4%
• Inflation within the central bank target of 4%-6%
• Economic growth forecast at 1.5%-2% for fiscal year

 

Source: Bloomberg