January 23, 2018. United States: IMF Says Global Growth Picking Up as U.S. Tax Cuts Take Hold The International Monetary Fund warned policymakers to be on guard for the next recession even as it predicted global growth will accelerate to the fastest pace in seven years as U.S. tax cuts spur businesses to invest. The fund
January 22, 2018 Please click below to view December 2017's Economic Review. Monthly Economic Review - December 2017 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on
January 22, 2018 The median weekly earnings of the nation's 114.2 million full-time wage and salary workers were down to $854 in the fourth quarter 2017 from the previous quarter, the U.S. Bureau of Labor Statistics reported. This was 0.9% higher than a year earlier, compared with a gain of 2.1% in the Consumer Price
January 19, 2018 From December 2016 to December 2017, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.1%. This is a similar rise when compare to 2015 December to 2016 December. The food index increased 1.6% 2016-2017 after declining by 0.2% the previous year. The index for food at home followed a similar
Gas Price Movement January 18, 2018 Brent Oil Brent oil prices decreased by -0.04% or US$0.03, as prices fell this week. Brent Oil traded on January 18, 2017 at a price of $69.23 per barrel relative to US$69.26 last week. Brent oil began the year at US$63.11 per barrel. Petrojam prices 87 Octane prices
January 18, 2018 For the third quarter of 2017 compared with third quarter of 2016, the house price index increase by 4.1% in the euro area and by 4.6% in the broader European Union(EU), as reported by Eurostat, the statistical office of the European Union. When compared with the second quarter of 2017, house price
January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
January 17,2018 Activities within the construction sector for the Euro area (EA19) and EU28 increased for November 2017 when compared with October 2017. The latest data by Eurostat, the statistical office of the Eurozone, reflected a marginal uptick in production in construction for the euro area (0.5%) and EU28 (0.6%) respectively for November 2017, when
January 17,2018 Business Confidence Index Business Expectation is at its second highest level since the start of the study in 2001. The Jamaica Chamber of Commerce(JCC) index for Business Confidence in the fourth quarter of 2017 rose to a high of 142.6 from 135.2 recorded in the third quarter of 2017. The Business Confidence index
January 16, 2018. The inflation rate for the month December 2017 inched up to 0.6%, following an upward movement of 0.6% in November 2017, bringing the 2017 calendar year inflation rate to 5.2% according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 247.3 in November 2017 to
