Tweet
NEW YORK, USA — Former Jamaican Prime Minister Edward Seaga feels the country's economic growth is being stifled by a lack of confidence.
In an interview with the Observer here, Seaga was asked his opinion on the continued poor performance of the Jamaican economy given the reduction in interest rates, the Jamaica Debt Exchange programme, and the infusion of funding by the International Monetary Fund and other multinational funding agencies.
In an interview with the Observer here, Seaga was asked his opinion on the continued poor performance of the Jamaican economy given the reduction in interest rates, the Jamaica Debt Exchange programme, and the infusion of funding by the International Monetary Fund and other multinational funding agencies.
He noted that while the current Government has done some good things to spur economic growth, "people are not investing because of a lack of confidence".
He said that until investors begin to display a high level of confidence in the economy, the level of economic growth which is expected would not be realised.
The former Jamaican leader is currently on a tour here to promote his latest book: Edward Seaga: My Life and Leadership, Volume Two.
He told the Observer that the tour has "gone very well" and that sales have been good.
Read more: http://www.jamaicaobserver.com/news/...#ixzz17Wn0VHeZ
He said that until investors begin to display a high level of confidence in the economy, the level of economic growth which is expected would not be realised.
The former Jamaican leader is currently on a tour here to promote his latest book: Edward Seaga: My Life and Leadership, Volume Two.
He told the Observer that the tour has "gone very well" and that sales have been good.
Read more: http://www.jamaicaobserver.com/news/...#ixzz17Wn0VHeZ
Mi cudda tell mi dat...'an mi a nuh noo economiKcs
Comment