Ministry of Finance and the Public Service
Record low inflation levels in 2016
Increase in employment • Conversely, unemployment declined to a five-year low of 12.6 per cent for the period.
Third quarter growth of 2.3 per cent was recorded for the July to September period, representing the highest out-turn since 2007.
Improved international rating • Jamaica’s sovereign senior unsecured and provisional shelf rating was upgraded from CAA2 to B3 by Moody’s Investors Service.
Phase one implementation of the new $1.5 million income tax threshold on July 1.
Precautionary standby agreement negotiated