Asian Development Outlook (ADO) 2019: Strengthening Disaster Resilience

Asian Development Outlook (ADO) 2019: Strengthening Disaster Resilience

The Asian Development Bank has published the Asian Development Outlook 2019 report which is available to download here.

Some findings specific to Fiji were highlighted in the Fiji Times article from 08 April, 2019, “Growth Boosters” by Monika Singh.

The article stated:

“ECONOMIC growth is projected to improve to 3.2 per cent in 2019 with mining and quarrying expected to contribute to it, according to the flagship report launched by the Asian Development Bank last week.

The Asian Development Outlook 2019 says a new iron sand mine slated to become operational this year has invested in dredgers and port facilities toward extracting 750,000 tonnes of magnetite concentrate annually to be sold to steel mills in the People’s Republic of China.

According to the ADO all sectors are expected to grow, with tourism in the lead, but construction will likely contribute substantially, considering high bank lending for real estate and the number of projects in progress.

It said tourism would continue to drive growth higher to 3.5 per cent in 2020, with other contributors also strong.”

The full Fiji Times article can be found here.