IMF projects 4.3% growth for Fiji in 2015
October 28, 2015 5:12 am
The International Monetary Fund says the growth momentum that the Fijian economy is going through has been exceptionally strong.
IMF Mission Chief for Fiji, Roberto Guimaraes, says the trend will continue in the years to come – due to high levels of public investment.
“Economy will enter its 3rd year of growth above 4% – last year the revised GDP number came up at above 5% – this year we expect growth to be at 4.3 and we also see some moderation going on into next year – but growth will also remain very strong next year.”
Fiji’s economy grew by 5.3 percent last year and Guimaraes says growth this year is propelled by several factors.
These include high levels of public investment, strong tourism earnings, sturdy remittances, lower oil prices and robust credit growth.