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Unlocking Jamaicas Economi Potential Sterlings Investor Briefing Addresses 50 Years of Economic Stagnation

Unlocking Jamaica’s Economic Potential: Sterling’s Investor Briefing Addresses 50 Years of Economic Stagnation

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After five decades of economic stagnation, does Jamaica have the capacity to break the cycle of indebtedness? Are we poised for a new era of economic revival? Sterling Asset Management’s Annual Investor Briefing, set to take place on Thursday, November 16th, 2023, will tackle the question of how to break the mould that has led to 50 years of economic stagnation in Jamaica. The esteemed panellists will address macroeconomic policy and its role in driving economic growth. Additionally, they will tackle controversial questions, such as the compatibility of a subsidized exchange rate with export-led growth. You are invited to listen to the discussions via a live radio broadcast on Nationwide with Cliff Hughes.

Unlocking Jamaicas Economi Potential Sterlings Investor Briefing Addresses 50 Years of Economic Stagnation
Economic Resilience and Reforms:

Jamaica’s public debt-to-GDP ratio, which peaked at 110 per cent in FY2020/21, has since declined to 79.7 per cent in FY2022/23 and is expected to gradually fall below 70 percent over the medium term. These achievements are further highlighted by improved credit ratings from Standard & Poor’s and Fitch.

Despite these successes, Toni-Ann Neita-Elliott VP Sales & Marketing at Sterling Asset Management notes that challenges remain. “Jamaica has faced slow economic growth due to various factors, including low productivity in services, limited technology adoption and innovation, high connectivity costs, a weak business environment, and pervasive crime. The disruptions in learning during the pandemic could have long-term effects on growth and human capital”.

Vulnerabilities and Resilience:

Jamaica remains highly vulnerable to external shocks, particularly due to its reliance on imports and tourism. The country’s growth and poverty reduction efforts are at risk in the face of external shocks, especially climate-related ones.

Tune In to Nationwide FM:

We invite you to listen to this vital conversation about Jamaica’s path forward for our nation’s economic prosperity live on Nationwide FM on Thursday, November 16, 2023, at 6 p.m.

Distinguished Panelists:

Marian Ross-Ammar (Moderator): VP Trading & Investment, Sterling Asset Management.

Charles Ross: President and CEO, Sterling Asset Management.

Dennis Jones: Former Senior Economist, IMF

Dr. Samuel Braithwaite: Lecturer, Department of Economics, University of the West Indies Mona.

Nataliya Mylenko: Lead Economist Caribbean Region – World Bank Group

https://www.youtube.com/watch?v=oElaP-pO7S8&t=1161s


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