Latest rating* Previous Rating** Region Ave Global Mkts Ave s-t Political --.- --.- --.- --.- l-t Political --.- --.- --.- --.- s-t economy --.- --.- --.- --.- l-t economy --.- --.- --.- --.- Business environment --.- --.- --.- --.- composite --.- --.- --.- --.- - Business Monitor International Ltd www barbados, guyana & jamaica Q- ---- poLiticaL risK social unrest centre stage Jamaica s short-term Political risk (stPr) rating is bolstered by the recent dominance of the ruling People national Party, which boasts a strong majority in parliament and can pass legislation with haste when necessary, as demonstrated by recent fiscal and business environment reforms. While scoring highly on the policy continuity subcomponent of the stPrr, the country suffers from high levels of violence (largely associated with gangs and, increasingly, drug cartels) and other forms of social unrest which bring the stPr rating to below the caribbean average of --.-. ...We give Jamaica a score of --.- in our short-term economic risk ratings. Business enVironMent on the Mend Jamaica s Business environment score is slightly below the caribbean average of --.-, thanks to relatively low scores for infrastructure and market orientation . the government has sought to improve its business environment through a raft of structural reforms which form part of its agreement with the IMF, including a significant simplification of the tax code. We believe that investor sentiment in Jamaica will gradually improve over the coming quarters as further reforms go ahead. depending on the pace of change, we expect to upgrade our Business Environment score for the country in the coming months. our Business environment score for Jamaica is --.-.
...US Revision Drags Down taBle: GloBal -- taBle: deVeloPed states, real GdP GroWtH, -- taBle: Bmi Versus BloomBerG consensus real GdP GroWtH forecasts, -- taBle: emerGinG marKets, real GdP GroWtH, -- - Business Monitor International Ltd www barbados, guyana & jamaica Q- ---- BMi ratings � Brief Methodology composite rating The composite rating is an unweighted geometric mean of the short-term political and short-term economy ratings, allowing a ranking of all countries in BMI s emerging markets universe. political ratings The political ratings are an indicator of political stability, seen as a pre-requisite for a stable economy and business environment. ...Factors in the long-term rating include GDP growth, unemployment, inflation, real interest rates, exchange rates, the fiscal balance, the current account balance and external debt. A number of other structural factors are also thrown into the equation, including dependence on the primary sector, reliance on commodity imports, reliance on a single export sector and central bank independence. The factors included in the short-term rating are a subset of those in the long-term rating. ...A number of other structural factors are also thrown into the equation, including dependence on the primary sector, reliance on commodity imports, reliance on a single export sector and central bank independence. The factors included in the short-term rating are a subset of those in the long-term rating.
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