The Planning Institute of Jamaica (PIOJ) in its latest review of economic performance has said that based on the continued stability of the macroeconomic environment, the outlook for the economy remains positive.

Speaking yesterday at its quarterly briefing and giving a review of the October to December 2019 period, Dr Wayne Henry, director general of the PIOJ, said that for the period real gross domestic product (GDP) grew by 0.1 per cent relative to the corresponding quarter in the previous year, representing some 20 consecutive quarters of growth in the economy.

“The Jamaican economy is estimated to have grown by 0.1 per cent for the October – December 2019 quarter bringing real GDP growth for calendar year 2019 to 0.9 per cent, representing the seventh consecutive year of economic growth,” he said. He cited improved out-turns in several industries as some of the main drivers of growth in contributing to this.

http://www.jamaicaobserver.com/business/20_quarters_of_positive_growth