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Jamaica’s Economy Surprises with Faster Recovery | Jamaica News

Jamaica’s Economy Surprises with Faster Recovery | Jamaica News

Published 1 week, 6 days ago
Description

Jamaica’s economy is rebounding faster than forecast after Hurricane Melissa, on track to return to pre-storm output by Q2 2027 — a stunning recovery showing remarkable resilience. While full rebuilding of homes and infrastructure will take 3-5 years, the economy contracted 2.9% in Q2 2025 compared to last year, but officials stress this isn’t a recession — sequential quarterly improvements are already underway. The PIOJ projects continued contraction narrowing through Q3 2025, followed by actual growth in FY 2026-2027, driven by reconstruction and sector-wide recovery. Government investment has surged, fueling momentum for faster rebuilding and sustained economic revival.

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