{
  "title": "Jamaica: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 1, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/jamaica-staff-report-for-the-2005-article-iv-consultation-19183",
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  "summary": "This 2005 Article IV Consultation highlights that the economic activity in Jamaica has been adversely affected by shocks. Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan.",
  "sections": [
    {
      "heading": "Macroeconomic shocks and growth",
      "content": "- Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan.\n- Output recovered thereafter but was dampened by the poor performance of agriculture, which suffered from adverse weather conditions."
    },
    {
      "heading": "External sector and exchange rate",
      "content": "- The nominal exchange rate has depreciated in recent months."
    },
    {
      "heading": "Fiscal and monetary policy",
      "content": "- Fiscal targets have been missed.\n- Monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates."
    },
    {
      "heading": "Subject focus and thematic keywords",
      "content": "- Expenditure, External debt, Inflation, Monetary base, Money, Prices, Public debt.\n- Keywords include: balance, Caribbean, CR, current account, debt dynamics, foreign currency, Global, headline inflation, Inflation, ISCR, Monetary base, narrowing interest rate differential, percent GDP, targeted revenue.\n\nJamaica: Staff Report for the 2005 Article IV Consultation — May 1, 2006\n\n---\n\n Content in this bundle\n\n- cr06158\n  - cr06158 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06158 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 1, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451820188.002",
    "Real GDP contracted sharply in late 2004 following the devastating effects of Hurricane Ivan.",
    "Output recovered thereafter but was dampened by the poor performance of agriculture, which suffered from adverse weather conditions.",
    "The nominal exchange rate has depreciated in recent months.",
    "Fiscal targets have been missed.",
    "Monetary policy has been geared at containing inflation while also seeking to engender a sustainable reduction in interest rates.",
    "Keywords include: balance, Caribbean, CR, current account, debt dynamics, foreign currency, Global, headline inflation, Inflation, ISCR, Monetary base, narrowing interest rate differential, percent GDP, targeted revenue.",
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