Jamaica: Unfinished business

Jamaica: Unfinished business

In Depth

Six years ago Jamaica was struggling to pay its bills. Its economy had stalled, inflation approached 10% and the unemployment rate topped 15%. Just as worrisome, it had the distinction of being among the world’s five most indebted countries, owing $15.2 billion, equivalent to roughly 150% of its GDP. Today the Caribbean nation bears little resemblance to its former self. The economy is growing, inflation has been tamed and unemployment has sunk to a 10-year low. And after some harsh belt-tightening, Jamaica’s debt load is shrinking with the government posting a budget surplus for the past six years. As if in recognition of this reversal of fortune, the Jamaica Stock Exchange has enjoyed a su

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