Fiji to Grow by 3.8%

The Fijian economy is expected to grow by 3.8% this year, an upward revision from the October 2016 forecast of 3.6%, FBC reported. Reserve Bank of Fiji governor, Barry Whiteside, says with the exception of fishing, forestry and mining–most sectors are expected to improve this year, with the services sector envisaged to drive economic activity. The growth forecast for next year remains unchanged at 3% while in 2019 the economy is envisaged to grow by 2.9%. Whiteside says Fiji’s trade deficit is expected to widen to 22.2% this year, and this will be largely offset by higher receipts from services and remittances.