The Economic Programme Oversight Committee (EPOC) holds a cautious outlook on the Jamaican economy, because of external factors disrupting global trade and growth.

“There is so much risk, you couldn’t ask for a riskier time across the globe,” said EPOC Chairman Keith Duncan. “EPOC is very cautious on Jamaica’s growth path as risks remain high,” he said.

That said, EPOC believes that the Government’s 2022/23 budget projections are “credible and achievable”, albeit with risks to growth and revenue projections.

The group, which monitors the economy, is concerned about geopolitical tensions with the Russian invasion, global inflation, higher interest rates, supply-side disruptions and new variants of COVID-19.

https://jamaica-gleaner.com/article/business/20220414/epoc-cautious-cites-various-risks-economy