The World Bank is backing Jamaica’s economy to expand in 2024, for the fourth consecutive year, notwithstanding the somewhat gloomier projections for the remainder of the member countries of the Caribbean Community (CARICOM) with the exception of oil-rich Guyana. The Bank’s recently published forecasts indicate that Jamaica’s Gross Domestic Product is set to grow at 2 per cent in 2024 — down from 2.3 per cent last year. Should the prediction be realized, the report says, 2024 “would mark the second year in a row where growth would prove weaker than the previous 12 months.”
