Sunday, February 07, 2016

The Goat Islands have remained virtually untouched since the first half of the 20th century

Theodore

Mitchell, group sovereign economist with the JMMB Group, says the likelihood of growth above two per cent for the Jamaican economy is diminished because promises of large investment projects have failed to materialise.

In a forecast for the Jamaican economy for 2016 which was released on February 4, Mitchell noted that while the Extended Fund Facility (EFF) under the latest International Monetary Fund programme has facilitated the stabilisation of the macro economy, “Jamaica has failed to secure major investments in high-growth areas that could lead to elevated and sustainable growth.

“Progress has been halted in the much-heralded logistics hub and Caymanas Economic Zone. These were priority investment projects factored in the government’s growth projections over the medium term.”

http://www.jamaicaobserver.com/business/GDP-and-investment-horizon-blues_50873