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Jamaica Still Poised for Growth

Despite obvious challenges, Jamaica is poised for continued growth, as evidenced by the achievement of 1.5 per cent of GDP growth over the past year, according to Minister of State for Industry, Investment and Commerce, Hon. Michael Stern, during his opening remarks at the recently concluded Mona School of Business (MSB) Roundtable 2011.

Supporting the Minister’s optimism, GraceKennedy’s CEO, Douglas Orane, stated that although he viewed the current business climate with “quiet apprehension”, following the severe global economic crisis, Jamaican entrepreneurship has emerged alive and well.

The forum which was held under the theme: Organizational Renewal: - from Recession to Recovery and Growth”, including participation from captains of industry from companies as GraceKennedy, Sagicor, Jamaica Broilers and Lasco.

The consensus was that the high cost of energy was one of the greatest threats to the competitiveness of Jamaican products.

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