Fiji business briefs: Reserve Bank outlook, Fiji TV, childcare opportunity costs Fiji business briefs: Reserve Bank outlook, Fiji TV, childcare opportunity costs Feb 26, 2021
The Reserve Bank of Fiji Governor says Fiji could see a marginal economic recovery if borders open towards the end of the year. Ariff Ali says economic recovery will depend on fiscal support provided by the government in the 2021-22 national budget. “On a positive note, the RBF’s December Business Expectations Survey shows that overall business confidence has improved slightly from six months ago, possibly reflecting the successful containment of the virus locally, businesses adjusting to the new norm and concrete steps towards immunisation across the globe,” Ali says. He anticipates inflation will rise due to shortages as the result of Tropical Cyclone Ana and associated flooding. The full statement is available here.
The Fiji Times » Inflation to increase fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
The proportion of respondents expecting that overall economic conditions will improve in the next six months increased by 4.8 percentage points, from 29.8 per cent in 2020–21:Q2 to 34.6 per cent in 2020–21:Q3, said the NCAER s Business Expectations Survey (BES).
endIndex:
Metro Manila (CNN Philippines, January 21) Economists expect inflation to pick up in 2021 from 2020 s full-year average and get steady in 2022, a survey conducted by the Bangko Sentral ng Pilipinas revealed. Analysts expect inflation to remain benign in the near term, with risks to the inflation outlook tilted to the upside as the economy gradually reopens, read the BSP s latest quarterly inflation report. 24 firms took part in the recent survey, with their forecasts for 2021 averaging 2.9%. This is quicker than the mean forecast of 2.8% featured in the previous report.
The same set of economists logged an average of 3% in their inflation forecasts, similar to the mean forecast they yielded in the report prior.
Published December 31, 2020, 7:41 PM
Amid the “extraordinary” challenges Malacañang faced in 2020, it remains optimistic that the economy will be on a rebound in 2021.
In a 55-page yearend report released on Thursday, Malacañang cited some of the major highlights of the Duterte administration’s accomplishments and interventions in 2020, particularly its COVID-19 response.
“Ten months since COVID-19 surfaced in the Philippines means we must learn to live with the virus, especially now that we know more about COVID-19, how it spreads, and how to avoid it,” Malacañang said.
“The road to recovery will be upon us soon as the earliest roll out of a vaccine is expected in the first quarter next year, per the Philippine National Vaccine Roadmap. Geographical and sectoral priorities have already been identified, negotiations and discussions with vaccine manufacturers are ongoing, and tripartite agreements with the government, the private sector, and allied governments are n