The Macroeconomic Policy Committee is extremely busy right now revising the prediction for the economy in light of the floods experienced in the country last month and the global financial crisis.
Those were the words of Reserve Bank Governor Savenaca Narube at USP this week said the committee was initially set up by former Governor the late Savenaca Siwatibau, to help government formulate policies and make forecasts.
Narube added the Bank will do extremely well to achieve the 2.4 percent growth that was released in November last year adding he hoped the Bank will not be blamed for this economic scenario.
Narube said the world economy is buckling from the fall outs from the financial crisis and Fiji will not be immune from this global recession.
Policy Committee revises economy
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