Jamaica economy recovering, but many challenges ahead – IMF

While Jamaica saw positive gross domestic product (GDP) growth in 2011, following three consecutive years of decline, its recovery remains “fragile,” according to the International Monetary Fund (IMF).

The IMF projects what it called “low” growth in 2012/2013 of about 1 percent, with the public sector and external current account deficits projected to widen. The IMF also projected public debt to rise this year.

“The recovery is fragile and there are strong downside risks,” said Luis Breuer, the Fund’s mission chief for Jamaica.

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