80834
Fiji Growth Expected to Grow 3.6%
World Economy

Fiji Growth Expected to Grow 3.6%

The Fijian economy is expected to achieve a broad-based growth of 3.6% in 2018, according to the Reserve Bank of Fiji on Friday, Xinhua reported. This is expected to be achieved through strong sectoral performances in tourism and anticipated higher manufacturing and industrial activity in the South Pacific Island state’s economy. The Reserve Bank of Fiji said it was adamant that several underperforming sectors such as gold and timber were expected to rebound this year. RBF Governor Barry Whiteside said the government’s expansionary policies should continue to support consumer and investor confidence. He said strong private sector credit growth predicated on the current low interest rate environment was also conducive to growth. On the downside, the governor said adverse weather conditions and the somewhat subdued performance in the primary industries represented risks to the domestic economic outlook while the recent increase in global crude oil prices have trickled into higher domestic energy costs. In December 2017, Fiji’s Prime Minister Voreqe Bainimarama pledged to continue to grow Fiji’s economy in 2018 and bring greater opportunity for Fijians.

 

Short URL : https://goo.gl/hvsVyV
  1. https://goo.gl/RJqQ6L
  • https://goo.gl/JNedve
  • https://goo.gl/8aWZL1
  • https://goo.gl/6TmgiS
  • https://goo.gl/eo5mNE

You can also read ...

Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus