GDP projection
Sharp increases in international oil and food prices will trigger domestically driven inflation in the country. So will any major downside risks stemming from adverse weather. For now, year-end inflation
03 Feb 2017 09:32
RBF governor of the Reserve Bank, Barry Whiteside.
Sharp increases in international oil and food prices will trigger domestically driven inflation in the country.
So will any major downside risks stemming from adverse weather.
For now, year-end inflation is projected at around 2.5 percent.
And the initial 2017 forecast for the growth of Gross Domestic Product is at 3.6 percent, says the Reserve Bank of Governor, Barry Whiteside.
“The Fijian economy clearly remains on a recovery path as all the reconstruction work continues,” Mr Whiteside said.
“Despite the setbacks from the natural disasters, consumption and investment activity have remained buoyant, signalled by positive trends in various partial indicators.
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