Inflation, interest rates cloud post-pandemic Pacific growth: World Bank
The resumption of tourism, higher public investment and construction have fuelled the Pacific region’s economic recovery from COVID-19.
Source: islandsbusiness.com
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Pacific news in brief for August 10
A round-up of news in brief from around the region.
Source: rnz.co.nz
Samoa Observer | Pacific economies including Samoa's to grow in
Developing Pacific economies including Samoa's are expected to grow in 2023 and 2024 due to a recovery in tourism, post-disaster rebuilding, and infrastructure construction, according to a World Bank report released Tuesday.Pacific growth is expected to pick up to 3.9 per cent this year from 2 pe...
Source: samoaobserver.ws
World Bank Warns of Inflation Changing Business Dynamics Soon
Inflation is expected to fall below two per cent this year, according to the World Bank’s August 2023 Pacific Economic Update. But it could change with VAT in place. Ms Ashraf said it inflation could make business go micro to lessen the impact of inflation....
Source: fijisun.com.fj
Fiji leading Pacific's recovery from pandemic
Despite uncertainty about the outlook for inflation and interest rates in major economies and trading partners, developing Pacific economies are expected to grow in 2023 and 2024 due to a recovery in tourism, post-disaster rebuilding, and infrastructure construction, a World Bank report released today says. Fiji is expected to continue leading the Pacific's recovery from the
Source: matangitonga.to