The World Bank is predicting that the Jamaican economy will grow by 1.5-percent for the 2015 calendar year.
It’s also predicting that the country’s economy will grow by 2-percent in 2016.
The growth projections are contained in a report titled, ‘Jobs, Wages and the Latin American Slowdown’, which was published yesterday on the bank’s website.
The World Bank says growth in the Caribbean region this year, will range from a low of 1-percent in Barbados, to a high of 6-percent in the Dominican Republic.
For the Latin American and Caribbean region, the World Bank says the growth outlook for 2015 is being affected by a projected 6-percent decline in the Venezuelan economy and a 3-percent decline in Brazil.