Jamaica Gleaner

EPOC sees difficult road to economic recovery

- Business@gleanerjm.com

KEITH DUNCAN, chairman of the Economic Programme Oversight Committee, EPOC, says the committee members are satisfied that Jamaica’s current macroecono­mic programme is sufficient­ly robust and will provide a road map for full recovery of the economy.

He said that while the Government is projecting a 5.1 per cent contractio­n of the economy in fiscal year 202021, they are expecting it to return to pre-COVID levels in fiscal year 2022-23.

“EPOC believes that the road to recovery will be difficult,” Duncan told a virtual press briefing on Monday.

“However, we believe that Jamaica has an accommodat­ive monetary policy, sufficient liquidity, adequate internatio­nal reserves and fiscal buffers that will see us through this challengin­g current fiscal year,” the EPOC chairman added.

 ??  ?? Keith Duncan, chairman of EPOC.
Keith Duncan, chairman of EPOC.

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