IMF Staff Country Reports

This 2007 Article IV Consultation highlights that Jamaica’s economy is estimated to have achieved its best growth performance in over a decade during FY2006/07, which ended on March 31, 2007. Notwithstanding some recent moderation of momentum, the economy is estimated to have expanded by just below 3 percent in real terms, up from 2 percent the previous year and 0.4 percent the year before. Monetary policy remains focused on containing inflation while seeking to engender a sustainable reduction in interest rates.