Jamaica: 2014 Article IV Consultation and Fourth Review Under the Extended Fund Facility and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Jamaica

Publication Date: June 20, 2014
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Summary: This 2014 Article IV Consultation highlights that a gradual economic recovery appears to be under way in Jamaica. Growth is estimated at 0.9 percent in FY2013/14, as mining, agriculture, and tourism picked up. Recorded unemployment remains high, but fell from 16 percent to 13.5 percent (in seasonally adjusted terms) from April 2013 to January 2014. Inflation declined to 7.6 percent (year over year) at end-April, as the impact of the ongoing depreciation of the exchange rate was countered by weak domestic demand. Growth is projected to reach almost 1½ percent in 2014–2015, as the negative fiscal impulse comes to an end.
Series: Country Report No. 14/169
Subject(s): Article IV consultation reports | Fiscal policy | Fiscal reforms | Monetary policy | Reserves accumulation | Economic indicators | Debt sustainability analysis | Staff Reports | Extended Fund Facility | Performance criteria modifications | Press releases | Jamaica

Publication Date: June 20, 2014
ISBN/ISSN: 9781498324946/1934-7685 Format: Paper
Stock No: 1JAMEA2014002 Pages: 122
US$18.00 (Academic Rate:
US$18.00 )
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