AGP Executive Report
Last update: 9 hours agoGlobal Outlook: The IMF lifted its 2026 global growth forecast to 3.1%, but warned that high energy prices and supply shocks leave low-income economies especially exposed. Tourism: Jamaica collected major honours at the World Travel Awards, while Tourism Minister Edmund Bartlett expects the sector to reach 88% recovery by December and full recovery by May 2027, with about 3,000 rooms still unavailable this winter. Hurricane Recovery: Insurers have paid out J$54.35 billion on Melissa-related claims; the insurance regulator is due to publish a review of claims handling. Business & Finance: Senate approval of Jamaica’s Virtual Assets Service Providers Act would introduce licensing and supervision for crypto businesses. Honey Bun has also opened a J$1-billion manufacturing facility in St Catherine, expanding local production capacity.
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