September 29, 2021
JAMAICA’S economy is showing signs of recovery but still remains vulnerable. That’s the assessment of the Economic Programme Oversight Committee (EPOC) in its latest review of the nation’s economic indicators.
“Fiscal performance has definitely outperformed expectations and, from a monetary perspective, our international reserves are solid, with the challenge being our inflation rates which are trending upwards. Notwithstanding the positive economic indicators, EPOC is quite mindful of the high level of risk and the many factors which could derail the recovery. It is clear that it will continue to be a balancing act between public health and economic activity, and the only way to reduce restrictions on movement and economic activity is to control the spread of the virus through vaccination and adherence to the protocols,” said EPOC Chairman Keith Duncan during a virtual media briefing on Friday in which he provided an update on the country’s economic reform programme (ERP).