Friday, June 03, 2016

Deputy Director General of the Planning Institute of Jamaica (PIOJ), Colin Bullock, reckons that Jamaica could be moving away from its “twilight of uncertainty and unpredictable fluctuations”.

His reasoning was based on economic growth of roughly 0.9 per cent over the January to March quarter led by improvements in agriculture, manufacturing, electricity and water supply and the hotels and restaurants industries. Moreover, there is an anticipated growth trajectory for the next quarter.

“The estimated out-turn for January to March 2016 and the positive expectation for April to June 2016, following four quarters of positive growth, suggests that Jamaica may well be emerging from its twilight of uncertainty,” Bullock stated during the Institution’s quarterly press briefing on Wednesday.

“It is worthy of note that the goods-producing industry has been demonstrating more buoyancy than services and that manufacture, often assumed to be unable to compete, is emerging as the leading sector,” he continued.

http://www.jamaicaobserver.com/business/Jamaica-emerging-from–twilight-of-uncertainty—-Bullock_62791