The Planning Institute of Jamaica, PIOJ, expects the Jamaican economy to continue expanding, but it has also cut the forecast for growth this fiscal year, citing global events.

Instead of growth within a range of three to six per cent, the agency now projects that gross domestic product will expand by two to five per cent.

“We are not seeing recession now, but the risks are certainly in the environment,” PIOJ Director General Dr Wayne Henry said, in response to a query at his quarterly press briefing on Wednesday

https://jamaica-gleaner.com/article/business/20220603/pioj-cuts-growth-forecast-says-no-recession-sight