Fijian Economy continues to grow: RBF
August 4, 2015 6:58 pm
The Reserve Bank of Fiji says strong sectoral outcomes and robust demand conditions are consistent with the 4.3 per cent growth projection for this year.
In its July review the RBF says the cane crushing season has commenced and improved timber and fish exports in the 1st month of this year confirms the current positive outlook for Fiji’s primary industries.
On the industrial front, high gold, electricity and woodchip production were recorded in the year to June.
RBF says buoyant investment activity so far this year provides further impetus to Fiji’s current growth outlook.
Last month the Fijian Dollar also strengthened against the New Zealand Dollar.
Inflation rose marginally to 0.8% in June a 0.2% increase when compared to May.