FIJIVILLAGE 18 March 2020 – The Reserve Bank of Fiji says the Fijian economy is now expected to go down in 2020 against a 1.7 percent growth earlier projected, and the full effect of how the economy gets affected from COVID-19 cannot be predicted as the situation remains fluid.
RBF has also made it clear that based on it’s baseline scenario, the magnitude of the contraction in the Fijian economy will depend on how long the COVID-19 pandemic persists.
RBF Governor, Ariff Ali says partial indicators for consumption and investment in Fiji point to sustained softness in aggregate demand, which means consumption and investments are expected at reduced levels.
