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Jamaica's opposition narrowly won a general election on Thursday, with its message of deep tax cuts and massive job creation winning over voters, weary of years of tough IMF-mandated austerity measures.

The Jamaican Labour Party (JLP) led by Andrew Holness had won 33 of the 63 seats with almost all votes counted, according to the electoral council website. Prime Minister Portia Simpson-Miller's party took 30 seats.

Simpson-Miller conceded defeat to a crowd of somber voters.

Holness, who is likely to be the Caribbean nation's next prime minister, has promised to create 250,000 jobs on the island of 2.7 million people and do away with income tax for many wage earners, a move critics say will tear into the budget.

Opinion polls before the election forecast victory for Simpson-Miller after she returned the heavily indebted economy to growth and low inflation.
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