The Bank of Jamaica’s (BOJ) latest quarterly monetary policy report (QMPR) indicates that growth in Jamaica slowed in the December quarter.

The Jamaican economy is estimated to have grown in the range of – 0.5 per cent to 0.5 per cent over the period in comparison to year-earlier levels.

It’s a slower pace of growth relative to the 0.6 per cent recorded for the September 2019 quarter.

In its September report, the central bank had said it expected that over the next eight quarters GDP growth would slow, affected by the then imminent temporary closure of the Alpart alumina plant.

The BOJ also cited weaker global growth in the context of the intensification of global trade tensions, noting that these represent a risk that GDP growth in Jamaica will be lower than projected.

http://www.loopjamaica.com/content/economic-growth-slowed-december-quarter-boj