Mark Golding: The Economy is Stagnant

1 month ago 19

Opposition Leader, Mark Golding, is arguing that despite the much touted macro-economic gains, growth has remained stagnant.

The scathing remark comes amid a report from the International Monetary Fund, praising the country’s economic progress over the last decade.

But speaking at a PNP forum in St. Ann on Wednesday, Golding maintained that economic growth has been virtually non-existent.

The Andrew Holness administration has touted its macro-economic milestones as a main driver in the development of the country.

It has also received commendations from international agencies, highlighting growing global confidence in Jamaica’s economic management.

In addition to the IMF report, a recent article from the World Bank pointed to Jamaica as a model amid rising global economic volatility.

The Holness-government has also secured positive credit ratings from three other major agencies – Fitch, Standard and Poor’s and Moody’s Investors Service.

But Mr. Golding says in comparison to our regional counterparts, Jamaica is underperforming.

Meanwhile, Mr Golding has vowed that his PNP government will build a stronger economy.

Mark Golding, Leader of the Opposition.

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