The Fiji Times, 05 October 2017 – EXPANDING tourism, low world commodity prices, high levels of revenue from fishing fees, and rising construction activity are supporting moderate gross domestic product (GDP) growth rates in most Pacific Islands.
And in the longer term, reforms in tourism, labour mobility, fisheries, and the knowledge economy have the potential to lead to significantly higher incomes, employment, and government revenue.
The World Bank’s October 2017 edition of the East Asia and Pacific Economic Update reports growth in tourism, if well managed, has the potential to yield substantial benefits to the region, including Pacific Island countries. Read more…
