Economist Dr Mahendra Reddy said Fiji's economy has faced a lot of uncertainty from January and this in turn has contributed a lot to investors losing confidence.
Reddy was commenting on the statement by Interim Finance Minister Mahendra Chaudhry that the economy is on the right track.
Chaudhry earlier said the economy is on the right track, and there are positive indicators that the economy is definitely on the mend in the short span of 15-18 months, compared to the highly precarious state it was in when they took over from the Qarase led SDL government.
According to Chaudhry, Fiji's Foreign reserves have stabilised, the Government's debt levels have declined to 47% compared to the 525 under the SDL led Government, the Budget deficit has been contained to less than 2% from 5% of the Gross Domestic Product, and the interests rates have also declined from 14-15% right down to 7%.
Economy Faces Uncertainty: Economist
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