Jamaica Expected to Achieve Over 2 Percent Growth During Fiscal Year

February 11, 2017 JA-Blogz News Team

Jamaica is currently expected to achieve 2.3 percent growth during the 2017/2018 fiscal year.

This according to the Fiscal Policy Paper tabled in the House of Representatives on Thursday (February 9).

The report reportedly credits the positive projection on improvement in several industries resulting from increased domestic and external demand.

The goods-producing and services industries are estimated to increase by 5.7% and 1.2 %.

Mining and Quarrying as well as agriculture, forestry and fishing along with hotels and restaurants have been listed among the main drivers of growth.

Late last year five new tourism subsectors were added to the country’s offerings as the government increased efforts to promote the island as an ideal tourist destination.

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