Consumers and businesses remain upbeat about economy

Lazie

Reggae Govenor General

Join Date: Jul 2006

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Consumers and businesses remain upbeat about economy

January 9, 2007, 02:47 PM

<TABLE cellSpacing=0 width="100%" border=0><TBODY><TR><TD class=news_byline></TD></TR><TR><TD style="HEIGHT: 9px"></TD></TR><TR><TD class=news_summary>Local consumers and businesses remain very upbeat about the country's economic prospects despite lingering fears about crime. 

That is the finding of the latest Business and Consumer Confidence Survey commissioned by the Jamaica Chamber of Commerce Conference Board.

Giving the result of the survey for the final quarter of 2006 on Tuesday morning Head of the Survey Research Centre at the University of Michigan, Professor Richard Curtin, noted that consumers expressed strong confidence in the economy.

Professor Curtin reported that the Consumer Confidence Index slipped slightly when compared to the third quarter of 2006 but remained substantially above 2005.

Professor Curtin further reported that on the business side the Confidence Index remained unchanged from the third quarter.

However he noted that two out of every three business oper

"Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
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