Austerity, External Environment Will Weigh On Growth in Jamaica

• Real GDP growth in Jamaica will continue to decelerate over the coming quarters as government consumption and net exports remain weak.
• A slowdown in US economic activity poses downside risks to Jamaica’s growth outlook, particularly given that Jamaica has little room for fiscal or monetary stimulus.
• Fitch Solutions has consequently revised the 2019 real GDP forecast from 2.1% to 1.6% and the 2020 forecast from 1.8% to 1.4%.

(Source: Fitch)