Jamaicans living in Florida raise their hands during a presentation by JN Bank Chief of Marketing, Saniah Spencer, about opportunities for investment in Jamaica. The event was held at the JN Bank Representative Office in Tamarac, Florida.
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Chief of Marketing at JN Bank, Saniah Spencer, has encouraged Jamaicans in the diaspora to capitalise on the improving Jamaican economy.

Speaking to 55 Jamaican investors living in Florida recently, Spencer indicated that the Jamaican economy is growing; and she outlined several areas that are ready for investment.

“Inflation has been reduced to approximately two per cent; debt has declined from 145 per cent of GDP, prior to the current economic reform programme, to 115 per cent at the end of March this year; and interest rates are falling,” she disclosed, pointing to the entry of JN Bank in the market as one of the forces behind the reduced interest rates.

“Unemployment is also decreasing, as figures in the past year declined from 12.8 per cent to 12.2 per cent,” Spencer outlined. “In addition, consumer and business confidence have risen tremendously and remains at an all-time 16-year high, as Jamaicans become upbeat about real prospects for investments and jobs.”

Spencer said that logistics is among the emerging areas and opportunities are developing from the expansion activities at some of the country’s major ports of entry, as well as continued initiatives to expand the country’s road network. She noted also that there will be need for services to support the port activities, such as storage and warehousing as well as indirect activities.

“These positive developments have also opened up many opportunities for investment in real estate,” she said, “as improved road infrastructure connect communities and parishes, and there will be increased real estate value outside of urban centres.”

http://jamaica-gleaner.com/article/news/20170905/growth-jobs-capitalise-improving-jamaican-economy-jn-bank-exec-encourages#.Wa6a_nvLNKk.email