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Old January 8th, 2020, 03:38 PM
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Don1 Don1 is offline
Reggae Prime Minister
 
Join Date: Oct 2007
Posts: 29,793
Angry Jamaican Math Lesson: From 5-in-4 to 2.25-in-8

Achtung Jamaica!

FYI -- an economy led by low value-adding industries staffed overwhelmingly by low-skill workers -- will NOT grow rapidly in the 21st century.

Unfortunately Jamaicans cannot comprehend this reality...especially the so-called "educated" type

IMF expects 2.25 per cent GDP growth over medium term
BY KELLARAY MILES
Wednesday, January 08, 2020


The International Monetary Fund (IMF) is maintaining its prediction for the country to achieve a 2.25 per cent growth to gross domestic product (GDP) within the medium term — a position reiterated following the Statistical Institute's (STATIN) latest report which noted a 0.6 per cent growth for the third quarter of 2019.

IMF resident representative Dr Karim Youssef has expressed that the latest data coming out of STATIN also confirms the views expressed in the last IMF staff report, published in November.

“At this point, IMF staff's baseline expectation for Jamaica's real GDP growth in FY 2019-20 remains at 0.8 per cent for the entire fiscal year, and a resumption towards 2.25 per cent GDP growth over the medium term is still expected,” he told the Jamaica Observer.
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Hon. Marcus Garvey

TEAM Works - Creating Jamaica's 21st Century Workforce. Up-skilling 50K kids by 2030 with technology skills
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