KINGSTON: The Jamaican economy grew by an estimated 0.8 per cent in the April to June 2015 quarter compared with the corresponding quarter of 2014, the Planning Institute of Jamaica (PIOJ) has reported.
Director general of the PIOJ Colin Bullock said the growth in Gross Domestic Product (GDP) was as a result of “the positive impact of continued strengthening of the global economy on some of the major industries, notably hotels and restaurants; transport, storage and communication; and mining and quarrying”.
He was providing details of the country’s economic performance for the second quarter of the year at his Oxford Road offices in Kingston on Wednesday.
Bullock also attributed the growth to improvement in domestic demand resulting from the strengthening of both business and consumer confidence levels; highway construction (phases one and three of the north-south link of Highway 2000); hotel construction and expansion works; and building of new office space to facilitate expansion of business process outsourcing activities.
The growth in real GDP reflects an increase of 0.7 per cent in both the goods-producing and services industries, over last year.
