Fri | Sep 21, 2018

J'cans not feeling effect of economic growth

Published:Thursday | November 13, 2014 | 10:00 AM

A government minister has conceded that the improvements in economic indicators like employment are not being felt by Jamaicans.

The Planning Institute of Jamaica has reported a 1.2 per cent increase in real Gross Domestic Product for the June quarter and recently, the Statistical Institute of Jamaica said unemployment was down by 1.6 percentage point.

However, according to the Technology Minister, Phillip Paulwell, more needs to be done.

He says as Jamaica contemplates growing its way out of persistent debt, debilitating criminal activity and unemployment, the creative enterprise of young people will drive growth.

Paulwell suggests that a greater move towards Information Communication Technology (ICT) is the best solution.

He says for many high school and college graduates the online market presents a unique opportunity for local economic activity.

According to Paulwell, the traditional means of conducting business will not work for youths and they must market to the global space.

The Minister was speaking in Mandeville, Manchester, yesterday at the launch National Entrepreneurship Week.


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