The Fijian Economy is now forecasted to expand by 4.2% in 2017 an upward revision from the 3.8% growth projected in April.
Reserve Bank of Fiji Governor and Chairman of the Macroeconomic Committee, Ariff Ali says while the economy is expected to return to the pre‑Tropical Cyclone Winston trend this year, the expansionary 2017‑2018 National Budget and associated policies that will boost disposable incomes and continued Cyclone Winston related rehabilitation works are projected to provide additional impetus to economic activity.
Ali says as a result, growth will be driven largely by public administration & defence, manufacturing, construction, wholesale & retail trade and finance & insurance sectors.
He adds for 2018, a growth outlook has been revised up to 3.6%, from the 3.0% envisaged earlier while the baseline forecast for 2019 and 2020 is 3.2%.
