Investor confidence expected to pick-up post stable election
January 8, 2019 4:05 pm
Investor confidence in the economy is expected to pick up significantly following the stability maintained post-election.
The Reserve Bank of Fiji in its Economic Review reveals that growth in the economy will continue to be supported by private investment spending post-election.
The report predicts growth to also be backed up by robust consumption and public spending.
RBF says the economy is envisioned to grow above 3.0 percent over the medium term.
Economist, Dr Rohit Kishore says there might have been a slight setback last year during the election but that is given in any economy.
“I think from the results of growth it can be seen that there was a temporary downturn. However, any election in any country people do setback on investments particularly businesses and entrepreneur setback and see what is happening but we have come out of the election and I think the Government being re-elected shows stability. I think that stability will continue and I don’t see much impact of the election on the economy in the medium to long term.”
The report also states sectoral performances have been generally positive with growth maintained in sugar, timber and industrial sectors.