The Fiji Times » GDP projections downgraded
Picture: banksfiji.com An economic update released by a major bank operating in the country says the second wave of COVID-19 weighs on growth outcomes this year with eyes on the upcoming national budget. Westpac Fiji, in its Fiji Economic update for July also downgraded its real GDP projections for 2021 to -4.2 per cent from the 2.3 per cent growth projected in April. According to its senior economist Krishal Prasad, their downgrade is based on the major assumption that international borders will remain closed throughout 2021, resulting in significant contraction in visitor arrivals and decl...
Source: fijitimes.com