Businesses continue to show confidence in the Jamaican economy.
According to the third quarter business and consumer confidence indices released on Wednesday, firms viewed prospects for the economy more favourably than any time since the start of 2012.
The results suggest that businesses believe that the Government’s economic policies are having a favourable impact. More firms are also willing to increase exports and expand production to reduce imports.
On the other hand, consumer confidence continues to decline as persons have become increasingly concerned about their job and income prospects.
The survey however revealed that consumers recognize that the economy has begun to improve, although their personal gains have been small.
When asked about satisfaction with the quality of their lives, Jamaicans indicated that they were satisfied.
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Growth in business confidence continues
