While Fiji's foreign reserves are high at $924 million, some sectors are still struggling.

According to the Reserve Bank, cane and sugar production declined over the year to July and while still weak, the performance of the tourism industry seems to be improving, as the annual contraction in visitor arrivals slowed in July from the previous month.

The Bank said weak labour market conditions are restraining spending, although this may be offset to some extent by remittances, which increased by 18 percent in the year to June.    

Domestic Export earnings fell, led by declines in sugar, mineral water, textiles, garments, timber, footwear and headgear and flour.

Also re-exports of mineral fuels declines significantly, thus contributing more to the fall in total exports.

General business is improving, although most, according to the June Business Expectations, are expecting a contraction in business conditions this year.

Meanwhile, according to the International Monetary Fund, the global economy is being to pull out of recession however the rate of stabilization is uneven and the recovery is expected to be sluggish.