Jamaican Economy Panel Discussion One | April 2021

As the first JEP Discussion, it would have been remiss not to address the most important challenge the world and Jamaica are facing right, which is the economic recovery from the COVID-19 pandemic. In 2020, real GDP declined by approximately 10 per cent[1], reversing years of economic growth. Short-term forecasts are rather uncertain, with IMF estimating GDP growth of 1.5 and 5.7 per cent respectively in 2021 and 2022, whereas the Bank of Jamaica estimates 2.0 to 4.0 per cent growth for the next three years[2]. More in the discussion report.