The Barbados-based Caribbean Development Bank (CDB) said the medium-term outlook for Jamaica is positive with 1.7 per cent growth projected for the 2018-19 financial year.
In its "Country Economic Review of Jamaica", the CDB said tourism, manufacturing, agriculture, and construction are the sectors most likely to drive growth in the short term.
It said the productivity-enhancing reforms and public investments that have been undertaken during the implementation of government's reform programme are expected to contribute to increased domestic demand.
The bank said Jamaica's public debt is on track to reach 60 per cent of GDP by the 2025/26 fiscal year.
However, the CDB said key downside risks, including macroeconomic and weather related shocks, policy reversal of the structural reforms, and high crime rates can derail growth prospect.
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