Jamaica’s Economic Growth Remains Sluggish

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Jamaica News: Bank of Jamaica Governor Brian Wynter says growth in the Jamaican economy remains sluggish despite their best attempts.

The BOJ has slashed its interest rates to 2.5 percent in the hope of attracting borrowers who in turn would invest in projects and help spark the economy.

But to date the economy continues to meander along at 1.5 percent with the outlook for coming quarters not projected beyond 2.5 percent growth.

Mr Wynter says in light of the continued marginal economic growth, they may be willing to reevaluate if their interest rates need to go even lower.

 

By: Mckoys News Reporter

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