The nation’s business leaders are expecting the pace of depreciation of the local currency to slow in the months ahead.
The business leaders expect the currency to lose a further 2 percent between July and September.
Over the longer period July this year to June next year they are expecting the currency to lose less than 6 percent of its value.
The responses were given in a survey carried out by the Bank of Jamaica in June.
In the meantime, the business leaders say business conditions are improving.
They say the perception is that present and future business conditions are getting better.
Despite the improvement seen in business conditions, the indices used to measure the perceptions remain below record levels in 2011.
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Business leaders expect pace of devaluation to slow
