Economy to Grow by 2% If there is No Natural Disasters – Byles


Jamaica’s economy will grow by more than 2 percent in 2015 if there are no natural disasters.

That’s according to Co-Chair of the Economic Programme Oversight Committee, EPOC, Richard Byles.

Mr. Byles made the disclosure while speaking at the monthly EPOC press briefing.

He says the government has done much of what is required to create a favourable economic environment and its now up to private investors to fuel growth.

The EPOC Co-Chairman is insisting there’ll be stronger economic growth this year.

Mr. Byles says while the country will need even higher rates of growth, the government has done much of the work required.

He says Jamaica’s fortunes are now in the hands of local and international investors.

Mr. Byles says he’s puzzled that despite the excellent performance of the government under the IMF agreement for almost two years, there haven’t been greater investments in the country.

Mr. Byles says much of the growth this year will be driven by agriculture.

He says the Tourism, Business Process Outsourcing, BPO, and Manufacturing sectors are also expected to boost growth this year.

His comments come against the back ground of the IMF’s April World Economic Outlook report, which projects growth in the Jamaican economy will be 1-point-7 percent this year and 2-point-2 percent next year.