Jamaica’s Business Leaders is Optimistic About 2017

The country’s business leaders are cautiously optimistic about the prospects for 2017, based on several positive economic indicators.

The Jamaica Manufacturers Association, JMA, says it is happy with the downward trend in inflation, the country’s healthy reserves, and the revaluation of the Jamaican dollar.

JMA President, Metry Seaga says the reduction in oil prices is also good for the manufacturing sector, although the country will not feel the full effect until the end of 2018.

At the same time, the Jamaica Chamber of Commerce, JCC, says Tourism, Agriculture, and the Business Processing Outsourcing, BPO, Sectors are looking up.

It states, that the increase in money supply last month, indicates that there is consumer confidence in the economy, going into 2017.

President of the JCC, Larry Watson says the second phase of government’s income tax break, which will take effect on April 1, this year, will further boost the economy.

Meantime, on the matter of the crime scourge, Mr. Watson says, new strategies have to be put in place to stem crime, especially as it relates to gang activities.

More than 1300 people were killed across the country in 2016, and with only three days into the new year, police say at least 10 people have killed so far.

President of the Jamaica Chamber of Commerce, Larry Watson.

And the JMA President believes crime will not be drastically reduced until the justice system is fixed.

President of the Jamaica Manufacturers Association, Metry Seaga.

 

 

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