Morrison ECONOMIST DENNIS Morrison has said that with some five consecutive fiscal years of single digit inflation, Jamaica is now on the threshold of a more stable economic environment with significant opportunities for growth in both the service sector as well as the goods producing sector this year.
However, at the same time he said there were major challenges manifested in the need to reduce the high public debt, as well as the need for entrepreneurs in the manufacturing, agricultural and apparel sectors to respond to the need for restructuring and to reform their management practices.
Among those areas he enumerated as offering opportunities for growth during this year are the tourism industry, telecommunications, the island's ports, electricity generation, mining, and the construction sector.
Mr. Morrison, senior director at the Jamaica Bauxite Institute (JBI) and head of the Airports Authority, was speaking on the topic "Opportunities in the Economy" during "Blast off 2001", a motivational seminar organised by the Life Underwriters Association (LUAJ) at the Jamaica Conference Centre, downtown Kingston on Monday.
"Blast Off", held this year under the theme "Seize the Moment - 2001 Opportunities", is an annual event designed to motivate life underwriters at the start of each year of business.
Mr. Morrison said that in spite of the difficulties of Jamaica's image as a tourist destination and problems caused by the high crime rate, the prospects for tourism growth in the year ahead were very positive.
