Economic Prospects Positive – Byles

• Central Bank Governor, Richard Byles, says the prospects for the Jamaican economy continue to be “generally positive”.
• “Fiscal performance is strong, public debt continues to decline at a steady pace in line with the fiscal responsibility law… we have a sustainable current account of the balance of payments… and our [international] credit ratings have been upgraded,” he said.
• Among the other key positive macroeconomic indicators Mr. Byles highlighted were adequate levels of net international reserves, totaling some US$3.1 billion and non-borrowed reserves amounting to US$2.6 billion, which is above the Government’s target.
• He further noted that Jamaica’s employment rate continues to improve while market interest rates remain “generally low”.

 (Source: JIS)