FBC NEWS 05 March 2020 – Economic growth will take a hit later this year due to the global impacts of the COVID-19 outbreak.
The current growth forecast is 1.7 percent but the Reserve Bank anticipates the domestic impact of the Coronavirus will be hardest felt in the tourism sector due to uncertainties and risks around global travel.
RBF Deputy Governor Esala Masitabua says local businesses will soon feel the effects of the disruption to China’s supply chain and manufacturing network.
