Executive Director of Caribbean Policy Research Institute, CARPI, Dr. Damien King, says inflation targeting is an “astoundingly good policy move” by the government.
He says this will ensure the country avoids situations like the year 1991, when inflation hit a whopping 90-percent.
He adds that over the last five years, economic indicators show that Jamaica is poised to experience economic growth. He points to the falling debt to GDP ratio, falling inflation, the reduction in unemployment and an increase in infrastructural development projects.
Dr. King says the insurance sector is among the industries that can capitalise on the increase in economic value.
Dr. King was speaking at a Jamaica Association of Insurance and Financial Advisors Conference at the Jamaica Conference Centre on Tuesday.