Missed targets in the agricultural sector have led to a revision of growth in Jamaica’s economy.
The targets missed by the sector have been attributed to previous periods of drought.
Speaking at a news briefing on Friday, Keith Duncan, Co-chairman of the Economic Programme Oversight Committee (EPOC), said this points to the need for Jamaica to have a more diverse economy where the focus is not only on a single sector but on several at a time.
He pointed specifically to some of Jamaica’s strategic projects, such as the logistics hub, BPO sector, tourism and foreign direct investments, arguing that if the economy were diverisifed to include all these, there would be a greater chance for growth without the burden on any one industry.
[Source: RJR News Online]