Jamaica remains on a solid growth trajectory despite global economic challenges.

That’s according to the latest projections from the Planning Institute of Jamaica, PIOJ.

The PIOJ’s Director General, Dr. Wayne Henry says the country can expect to finish out this year with four to five per cent growth.

Chevon Campbell tells us more.


The recovery continues.

The director general says Jamaica is likely to end the year with significant growth in the economy.

For the recently concluded July to September Quarter, the country saw 4.3 per cent growth driven primarily by continued gains in tourism.

As represented by Hotels and Restaurants that section of the economy recorded an improvement of nearly 30 per cent.

It’s a similar picture for the first nine months of the year.

For January to September, the economy has thus far recorded growth of 5.2 per cent.

While the economic picture remains positive the Director General still warns that several risks exist to the country’s growth forecast.

Global economic conditions are coming under heavy strain with the UK headed for its longest recession in recent history.

There’re growing fears that the United States may also slip into a downturn.