« 小林信彦5:『オヨヨ城の秘密』(1974年) | Main | 「今日の料理」が日本の料理の水準を上げた? »

On Jamaica’s economy, a Dominican model?

https://amp.miamiherald.com/news/nation-world/world/americas/article231234653.html?__twitter_impression=true

***

While per capita income remains low, at about $5,144, according to the World Bank, so too is economic growth, which has averaged annually around 1 percent since 2013. The Fund estimated that the economy expanded by 1.8 percent in 2018, which is far less than the Dominican Republic’s 7 percent, which was the highest in the hemisphere last year.

“While the growth rates may not be where we all are wanting it to be, they are headed in that direction,” Ramakrishnan said, adding that Jamaica has had 16 quarters of consecutive growth. 

***

Jaevion Nelson, a human rights, social and justice advocate, said Jamaica needs to address income inequality across the island.

“Yes, we have high rates of employment now, and so many people who are being employed in business processes outsourcing sectors, for example, and the tourism sector, which are both huge,” he said. “But when you go to these facilities a number of workers complain about the challenges they are having.

***

Still, job creation in the country is strong and continuing at an unprecedented, steady rate, said Wynter, the head of the central bank, which released a reggae-tinged campaign about its efforts to hold the annual inflation rate steady at between 4 and 6 percent.

“These jobs that are being created are private sector jobs. They are being created across multiple sectors — tourism, construction, the business processing outsourcing, hotels and restaurants, manufacturing — and I think what’s critical is to keep going,” Wynter said. “Can we go faster? We think so.”

Late last month, the bank cut interest rates to make mortgages and domestic business loans more accessible in hopes of stimulating the economy. Lloyd Distant Jr., president of the Jamaica Chamber of Commerce, said it’s another step in the right direction.

|

« 小林信彦5:『オヨヨ城の秘密』(1974年) | Main | 「今日の料理」が日本の料理の水準を上げた? »

Comments

Post a comment



(Not displayed with comment.)




« 小林信彦5:『オヨヨ城の秘密』(1974年) | Main | 「今日の料理」が日本の料理の水準を上げた? »