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published: Sunday | December 17, 2006 <DIV class=KonaBody yJQdZ="true">
Keith Collister, Contributor
The Washington-based World <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Bank</SPAN> in an analysis of economic prospects for the <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Latin</SPAN> American and Caribbean, said Wednesday that regional economic activity had picked up in 2006, and projected growth in gross domestic product (GDP) of five per cent.
This faster growth reflects favourable international conditions, including <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">low </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">interest </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">rates</SPAN>, high commodity prices and demand for imports generally, as well as a relaxation of monetary policy in Brazil and <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Mexico</SPAN>, the regions two largest economies.
The bank predicts 3.0 per cent growth for Jamaica, and even better performance of 3.5 per cent in 2007. It however sees the island falling back to 3.0 per cent growth in 2008, a point behind the average 4.0 per cent it predicts for the Latin American region.
The World Bank's view of the overall economic picture in 2006 was a healthy one, with strong growth from a historical
Keith Collister, Contributor
The Washington-based World <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Bank</SPAN> in an analysis of economic prospects for the <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Latin</SPAN> American and Caribbean, said Wednesday that regional economic activity had picked up in 2006, and projected growth in gross domestic product (GDP) of five per cent.
This faster growth reflects favourable international conditions, including <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">low </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">interest </SPAN><SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">rates</SPAN>, high commodity prices and demand for imports generally, as well as a relaxation of monetary policy in Brazil and <SPAN class=kLink style="FONT-WEIGHT: 400; COLOR: orange! important; FONT-FAMILY: Arial, Helvetica, sans-serif; POSITION: relative">Mexico</SPAN>, the regions two largest economies.
The bank predicts 3.0 per cent growth for Jamaica, and even better performance of 3.5 per cent in 2007. It however sees the island falling back to 3.0 per cent growth in 2008, a point behind the average 4.0 per cent it predicts for the Latin American region.
The World Bank's view of the overall economic picture in 2006 was a healthy one, with strong growth from a historical
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