Country Insights

Gsp report report thumbnail
Omicron rises (in Jamaica)
JAMAICA AND THE BAHAMAS - Report 14 Jan 2022
Last week, Thursday evening on January 6, Jamaica’s Minister of Health Christopher Tufton held an emergency press conference to mark Jamaica’s highest ever number of new daily Covid cases, at 1120, as of January 5, combined with one of our highest ever positivity rates, at 46.8% (the average for ...

Gsp report report thumbnail
Jamaica decisively joins the emerging market interest rate raising cycle
JAMAICA AND THE BAHAMAS - Report 18 Nov 2021 3 responses
The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) met on November 11 and 12 and announced its decision to raise its policy interest rate on November 16, effective November 17, by 50 basis points to 2% per annum, including other measures to contain Jamaica dollar liquidity expansion...

Gsp in brief thumbnail
Good news for The Bahamas. How to fund the key political promise of reducing VAT is answered very positively.
JAMAICA AND THE BAHAMAS - In Brief 29 Oct 2021
In his supplementary budget presentation on Wednesday afternoon, Prime Minister Philip "Brave Davis" announced that the promised reduction in VAT from 12 to 10% will be achieved in a revenue neutral way by eliminating the zero rating under VAT of a variety of items. He further claimed that the Mi...

Gsp in brief thumbnail
Further thoughts on the new Bahamas government lack of a "honeymoon". Is any change to "Thunderball" note required?
JAMAICA AND THE BAHAMAS - In Brief 22 Sep 2021 1 response
It is useful to look further at whether the recent Moody's ratings downgrade signifies any material change in The Bahamas position since my "Thunderball" pre-election note.1) Was the downgrade due to the election result? - Not very likely. The rating meeting occurred the day before the election a...

Gsp in brief thumbnail
Prime Minister Hubert Minnis concedes election. Bahamas Government changes
JAMAICA AND THE BAHAMAS - In Brief 17 Sep 2021 1 response
Former Prime Minister Hubert Minnis has conceded the election to the PLP's Philip "Brave Davis". There does not appear to be a final seat count yet but the newspapers project the new Government will have a healthy majority, which is positive in this environment. Apparently it was not a good idea ...

Gsp report report thumbnail
Is Bahamas approaching a "Thunderball" moment with an election occurring during a Covid wave?
JAMAICA AND THE BAHAMAS - Report 15 Sep 2021 1 response
Most of the action in the James Bond movie “Thunderball” occurred in The Bahamas, where after two movies there, actor Sean Connery chose to live for the rest of his life. The term "Thunderball" refers to the mushroom cloud seen during the testing of an atomic bomb. Thunderball Grotto, shown in th...

Gsp report report thumbnail
Delta has a rendezvous with Dr. No in Jamaica
JAMAICA AND THE BAHAMAS - Report 25 Aug 2021 2 responses
Jamaica probably has the world’s tightest fiscal policy on an effort basis. As Delta drives cases past previous COVID peaks, and Tropical Storm Grace grazes Jamaica, the question is whether this be sustained even by the country's very determined Finance Minister, Dr. Nigel Clarke.