Economy Grew 1.4 % in January to March Quarter

Photo: Yhomo Hutchinson Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, addresses yesterday’s (July 11) post-Cabinet press briefing at Jamaica House.

The Statistical Institute of Jamaica (STATIN) is reporting that the country’s economy grew 1.4 per cent in the January to March quarter, when compared to the similar quarter in 2017.

Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, provided details during yesterday’s (July 11) post-Cabinet press briefing at Jamaica House.

“Of note, in that report, all the goods-producing sectors grew year-on-year and similarly, all eight service industries recorded growth. Additionally, in June, we also received report from STATIN that inflation remains contained at 3.1 per cent at the end of May 2018,” she said.

Mrs. Williams further disclosed that consumer and business confidence continued on an upward path, adding that Market Research Services Limited characterises business and consumer confidence as steady.

“We are very pleased with the continued direction of the positive trends in the economy and the prospects that they hold for job creation,” she said.

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