The Jamaican economy grew by 3.4 per cent in the October to December quarter of 2022 compared to the last quarter of 2021, according to preliminary estimates released today by the Planning Institute of Jamaica (PIOJ).

PIOJ director general Dr Wayne Henry said industries returning to surpassing pre-COVID levels and increased alumina production were among the factors resulting in the improved performance.

The PIOJ estimates showed that the goods-producing industry increased by 4.3 per cent while the services industry increased by three per cent.

“The improved performance of the economy reflected the positive impact of a strengthening of economic activity as some industries showed signs of returning to and surpassing their pre-COVID levels of output”, Dr Henry said at a media briefing Tuesday morning.

https://jamaica.loopnews.com/content/jamaican-economy-grew-34-december-quarter