DUNCAN…Jamaica needs to address once and for all some of the structural issues, which have caused the economy not to see any meaningful growth but anaemic growth over the past few years
The Economic Programme Oversight Committee (EPOC) is painting a positive outlook for the Jamaican economy next year, having weathered the current COVID-19 pandemic.
In its latest review of the Government’s macro-fiscal programme for the fiscal year 2020/21 and over the medium term, EPOC expressed that while the road to recovery will be difficult, Jamaica should return to a path of growth during the next fiscal year.
Speaking at a virtual press conference on Monday last (June 8), EPOC’s chairman, Keith Duncan, declared, “we believe that Jamaica has an accommodative monetary policy, sufficient liquidity, adequate international reserves and fiscal buffers that will see us through this challenging current fiscal year and should see Jamaica returning to a growth path in 2021/22.”
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