AGP Executive Report
Last update: 4 hours agoGrowth Outlook: The IMF has cut Jamaica’s 2027 growth forecast to 2.4%, from 3.1%, and now expects zero growth this year. It projects inflation at 5.9% in 2026, while inflation over the year to September was 8.6%. Water Rates: Business groups are urging the OUR to reject or phase the NWC’s proposed 51% tariff increase, citing pressure on customers and water losses of up to 73%. They want firm commitments to reduce leaks, improve collections and control costs before rates rise. Reconstruction: NCB Capital Markets is urging western businesses to prepare for NaRRA projects, which could bring unprecedented infrastructure spending, and says it will help firms access working capital. Local Enterprise: The JBDC plans to promote its Buy to Build campaign, encouraging companies to source Christmas gifts from Jamaican MSMEs recovering from Hurricane Melissa. Oil Exploration: United Oil & Gas has completed a study of drilling-rig needs offshore Jamaica, but says drilling is not yet committed; Petrojam may consider local crude only if commercially viable oil is found.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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