Did Jamaica Achieve Pioneering Economic Success in the Past Year?

The Facts:

Jamaica’s economy achieved several firsts in the 2023/24 fiscal year, as outlined in the Governor-General’s Throne Speech during the Ceremonial Opening of the 2024/25 Parliamentary Year at Gordon House on February 15, 2024.

The pioneering achievements included ten (10) consecutive quarters of economic growth since the onset of COVID-19, the lowest unemployment rate since independence in 1962, the first balance of payment surplus on the Current Account since 1966, a ‘BB-’ rating by Standard and Poor’s in September 2023, and the issuing of the first ever Jamaican Dollar linked bond on the international market in the amount of J$46.6 billion or US$300 million.

Read Full Article