Fiji growth rate less than government forecast says ADB | Pacific Beat

Fiji growth rate less than government forecast says ADB

Fiji growth rate less than government forecast says ADB

Updated 4 January 2013, 17:03 AEST

The Asian Development Bank is sceptical about the Fiji Interim government's expectations for economic growth this year.

The coup installed military regime expects Gross Domestic Product to expand by more than two per cent in 2013.

But the ADB's Pacific Department principal economist, Emma Veve, says they are excepting much lower growth.

She says Fiji is attempting to restructure it's sugar industry at the moment and that is taking time and money, and the country has been hit by two floods and a cyclone this year, which will depress economic growth.

Emma Veve says the bank's view of Fiji's economy is less positive than the interim government's.

Presenter: Bruce Hill

Speaker: Asian Development Bank's Pacific Department principal economist, Emma Veve

Contributors

Bruce Hill

Bruce Hill

Presenter

Bruce is one of the Pacific’s most experienced journalists with nearly 20 years covering the region and has won several international awards.

Contact the studio

Got something to say about what you're hearing on the radio right now?

Text/SMS
Send your texts to +61 427 72 72 72

Tweets
Add the hashtag #raonair to add your tweets to the conversation.

Email
Email us your thoughts on an issue. Messages may be used on air.