The International Monetary Fund (IMF), has revised growth projections for Jamaica this year.
The IMF previously said the country would have grown by 1.3 percent, but now growth is projected at one percent.
In its Economic Outlook for 2014 released Tuesday, the IMF said the reason for the revised projection is the impact of the recent dry spell on agricultural production, particularly fruits and vegetables.
However, the lending agency says based on the fact that these produce have a short turn around time, it has increased the growth forecast for next year.
It is expected that agricultural production will rebound as drought conditions dissipate.
The previous projection was 1.7 percent but that has now been revised to two percent.
Meanwhile, the IMF says economic growth in Latin America and the Caribbean continued to slow early this year even as it predicted that regional growth will pick up to 2.2 per cent in 2015.
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IMF revises growth projections
