IMF Predicts Jamaica’s Economy To Decline By 6% For 2020

IMF Predicts Jamaica’s Economy To Decline By 6% For 2020 – As the Jamaican economy braces for the global recession caused by the great lockdown of COVID-19, Prime Minister Andrew Holness is urging investors not to be dismayed.

The international monetary fund has predicted that the country’s economy will decline by almost 6 % this year and with the recent figures from the statistical institute of Jamaica of a 2.3 percent drop in GDP for the first quarter of 2020, the threat of the Coronavirus, COVID-19 to on the economy appears to be soaking in.