Fiji feels effects of global financial crisis
Updated
Fijian businesses are preparing for an expected rough year ahead.
Last September, the global financial crisis led to a loss of confidence in financial markets, and the closure of many banks in the Western world.
And yet a number of business forecasters predicted the Pacific region would feel little effect.
But Fiji, with its reliance on tourism, a barely existing sugar industry and some remaining garment manufacturers, has been hit hard.
Some tourist operators are already forecasting a significant drop in visitor numbers for the year ahead.
Presenter: Campbell Cooney
Speakers: Wylie Clark, President, Fiji Australia Business Council
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