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Country Report Jamaica

  • ID: 2105438
  • July 2015
  • Region: Jamaica
  • 24 Pages
  • The Economist Intelligence Unit

According to the latest surveys by the Jamaica Conference Board, conducted between April and June, business confidence slipped slightly and consumer confidence remained unchanged when compared with the first quarter of 2015. However, optimism remained high among firms and households.

Businesses have expressed more optimism during the past nine months than during any comparable period over the past decade. Nearly two-thirds of all firms expected their financial health to improve during the year ahead, down from the all-time record of 74% in the first quarter of 2015, but above the 62% recorded a year before. A major reason behind the optimism felt by businesses is their perception of prospects for the economy-43% anticipated an improvement during the year ahead, which was more than the 39% who expected this outcome in the first quarter of this year. Unsurprisingly, the favourable outlook for the economy translated into robust investment plans: 62% of all firms reported that it was a good time to expand their productive capacity, only slightly below the all-time peak of 65% recorded in the last quarter of 2014.

Consumers' purchasing plans remained largely unchanged in the READ MORE >

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Country Report Jamaica

Business and consumer confidence slip
Event
Analysis
Impact on forecast

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Note: Product cover images may vary from those shown

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