GDP growth outlook to remain above-trend

GDP growth outlook to remain above-trend

The Fiji Times, 05 October 2017 – GROSS domestic product (GDP) growth in Fiji is expected to remain above-trend, moderating from 3.7 per cent this year to 3.3 per cent in 2019, says the latest World Bank report on the Asia-Pacific region.

The World Bank East Asia and Pacific Economic Update for October 2017 released yesterday stated that the growth outlook would be strengthened through continued consumption and public investment in infrastructure.

Fiji is expected to fare better in 2017-2018 supported by the reconstruction from Severe tripical Cyclone Winston with growth also expected to remain above-trend in the forecasting period on strong private consumption and public investment. Read more…