Fijis economic activity still weak

Fijis economic activity still weak

By fijivillage.com
27/03/2009
With global financial conditions remaining depressed, Fiji's economic activity too remains weak.

The latest economic review from the Reserve Bank of Fiji states that the October growth projection of 2.4 percent for 2009 is likely to be revised down substantially.

In line with expectations, visitor arrivals in January dropped by around 27.0 percent compared around the same period in 2008. The report further says that there are strong indications that the slowing world economy will heavily impact tourist arrivals.

With this, domestic exports rose by 18.6 percent in 2008 compared to a 0.7 percent decline in 2007, driven mainly by sugar, fish, gold, timber, flour, sweet biscuits, mineral water and other domestic exports.

On a positive note, the inflation rate in February fell from 6.1 percent in January to 1.9 percent, the lowest since July 2006.
FEATURE NEWS
More funds for HIV programs, infrastructure upgrades and medications – Dr Lalabalavu
With the country’s HIV status continuing to grow, the Health Ministry is looking at getting more funding in the upcoming 2025/2026 National Budget ...
2 hours ago
LATEST NEWS
Booth build for Fiji Showcase 2025 almost complete
With 4 days to go until Fiji Showcase 2025, more than 107 internal booths have been built inside the Vodafone Arena. Total Event Company Event ...
1 hour ago

Women in Media 2025: Pacific journalists unite for change in Suva
Top women journalists, media workers, civil society voices, and regional delegates will meet in Suva tomorrow for the inaugural Women in Media ...
1 hour ago

Ro Filipe is Acting PM this week
Deputy Leader of the People’s Alliance Party, Ro Filipe Tuisawau in the Acting Prime Minister while Prime Minister, Sitiveni Rabuka is out of the ...
2 hours ago

2 men arrested following break in along Waimanu Rd
Two men were arrested earlier today in relation to a break in along Waimanu Road, Suva. The owner of the house who is a businessman was badly ...
2 hours ago

NGO calls for stronger government support ahead of National Budget
In the lead-up to the National Budget announcement, local non-government organisations are calling for stronger government support — particularly ...
2 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Ben Salacakau and Glenis Yee on fijivillage Straight Talk With Vijay Narayan
The show focuses on the gaps in Fiji’s education system and what needs to be done, the pressure on committee run schools to keep the schools ...
3 days ago

Fiji Airways Men’s National 7s coach Osea Kolinisau on fijivillage Straight Talk with Vijay Narayan
Osea Kolinisau on fijivillage Straight Talk with Vijay Narayan
6 days ago

Riyaz Sayed-Khaiyum and Vimlesh Sagar’s abuse of office case
Sayed-Khaiyum is charged with one count of abuse of office and one count of general dishonesty causing a loss while Vimlesh Sagar is charged with one ...
6 days ago

TOP