Jamaica

Sustained improvements in macroeconomic outcomes. The economy has expanded for the past 15 quarters; unemployment is at historic lows; international reserve coverage is consistently high; inflation is subdued—albeit below the BOJ targe 4–6 percent range; the stock market was the globe’s best performer in 2018; and Fitch recently upgraded Jamaica’s credit rating. A slow pick-up in private investment, however, is still pointing to the need to reinvigorate the effort to remove supply-side impediments to growth and job creation.