Co-founder of the Jamaican Economy Panel, JEP, and Economist at the United Nations Resident Coordinator’s Office, Dr. Olaf J. De Groot, says his assessment of Jamaica’s economic recovery from covid-19 is from a pessimistic point of view.
JEP predicts that the country will recover from the pandemic by 2024, which it says is a longer time frame in comparison to predictions of other economic stakeholders.
Speaking to our news center this morning Dr. De Groot explained that several factors have influenced the panel’s assessment of the country’s economy.
Dr. De Groot notes that there are several structural weaknesses that will delay Jamaica’s economic recovery.
The economist argued that the country’s high level of debt is another road block, that will slow down how quickly it recovers.
Dr. Olaf J. De Groot, Co-founder of the Jamaican Economy Panel, speaking on Nationwide This Morning with Abka Fitz-Henley and Danielle Archer.