A roadmap for a mixed economy to secure its longterm future will get Fiji far, a leading international economist said, amid concerns over the impact of New Zealand’s recession on the Pacific.

And less dependence on heavy lifting of the leisure economy was a must, ANZ’s international economist Kishti Sen said.

“A large part will require cutting red-tape to ensure the $3billion investment pipeline can support the development of downstream processing facilities and services industries, including education and manufacturing,” he said.

“We don’t see a true recession for New Zealand.

“Looking past the noise, while the New Zealand economy is slowing from higher interest rates, it will still grow in 2023.

“We forecast gross domestic product (GDP) to increase by 0.7 per cent this year and next, before strengthening to 1.5 per cent in 2025.”

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Story by: frederica.elbourne@fijisun.com.fj