Month: July 2015

Greece imposes capital controls and misses its IMF payment as Q2 2015 ends in crisis. Jamaica, watching from a position of hard-won stability, passes another programme review as mortgage rates fall and the property market stirs.

The quarterly intelligence report on Jamaica’s global diaspora for April–June 2015: the Charleston church massacre of 17 June shocks the Caribbean-American community and re-energises the Black Lives Matter movement; the UK’s surprise Conservative majority election result has significant implications for British-Jamaican communities; Baltimore’s unrest following Freddie Gray’s death; and Jamaica’s athletics programme builds toward Beijing.

A quarterly review of Jamaica’s property market from April to June 2015, with the IMF Extended Fund Facility programme’s fiscal disciplines still the dominant constraint on household income and consumer confidence, but the Bank of Jamaica’s gradual rate easing delivering progressive improvement in mortgage affordability, a shoulder tourism season performing ahead of the prior year, and the strata apartment sector establishing its first genuine pipeline of concurrent projects whose construction activity was beginning to reshape Kingston’s residential supply picture in ways that the coming years would make significant.