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Analysis by Region - Emerging Markets - Jamaica

Publisher Oxford Economics
Published Nov 04, 2024
Length 3 Pages
SKU # OFE19321885

Description

Analysis by Region - Emerging Markets - Jamaica



We've revised down our 2024 GDP growth forecast for Jamaica slightly to 2.0% from 2.1% but we maintain our forecast of 2.1% growth for 2025. We think the slowdown in domestic consumption and external demand, and the only modest recovery in investment after a two years of contraction, will weigh on growth. Base effects from agricultural production after Hurricane Beryl caused significant damage this July, as well as tourism inflows, will support growth next year. Risks on our forecasts are skewed to the downside due to tight monetary policy, extreme weather effects, and increasing crime rates.

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3 Pages
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