A 2 billion dollar trade deficit is too big for Fiji and this must be brought down.
Speaking frankly on the state of the economy and monetary policy at the Public and Private Sector Consultative Forum on the 2010 Budget this morning at the Novotel Convention Centre in Lami, Reserve Bank Governor Sada Reddy said this trade deficit must be corrected or policies implemented will not work.
Reddy said this deficit must be brought down to below 5 percent of GDP in the next 3 years.
The Governor also said the projected 2 percent growth for next year and 2011 must be improved saying this can be improved through improved business environments and increased productivity amongst others.
Trade deficit is $2 billion-Governor
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