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A warning the Pacific will not be immune to a global economic slowdown | Pacific Beat

A warning the Pacific will not be immune to a global economic slowdown

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A warning the Pacific will not be immune to a global economic slowdown

Updated 9 October 2012, 18:34 AEST

The Pacific will need to brace for an economic slowdown this year according to a trio of new reports.

A warning the Pacific will not be immune to a global economic slowdown (Credit: ABC) 

The Asian Development Bank, World Bank and the IMF have all warned the global economy is slowing.

That means less demand for raw materials, affecting, especially the commodity exporting countries of Papua New Giunea and Solomon Islands.

Bill Bainbridge reports

Presenter: Bill Bainbridge

Speaker:Christopher Edmonds, Senior Economist in the ADB's Pacific Department; Olivier Blanchard, Chief Economist, International Monetary Fund

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