The International Monetary Fund, IMF, on Tuesday predicted that Jamaica would register economic growth of 4.3 per cent this year, down from the projected growth of 4.7 per cent last year.

It noted that while the Jamaican economy is rebounding, risks to its forecast remain significant.

“Renewed COVID-19 waves in Jamaica or abroad could lead to a more prolonged disruption of tourism, trade, and capital flows. Another risk is posed by the uncertain duration of global inflationary pressures, which have boosted inflation to well above the central bank’s target range of 4-6 per cent,” said the IMF, following the conclusion of the executive board’s 2021 Article IV consultation1 with Jamaica. “Natural disasters continue to be an ever-present risk,” it added.

https://jamaica-gleaner.com/article/business/20220216/imf-predicts-43-growth-jamaica-year