Fiji’s consumption spending is demonstrating notable resilience, with positive growth projections reported by former Reserve Bank of Fiji Governor Barry Whiteside. Speaking to Fiji One News, Whiteside, who is also the outgoing Chairperson of Kontiki Finance, highlighted that the economy is expected to grow by 3 percent, fuelled primarily by investments and the tourism sector.
“We have experienced robust growth recently, and we are pleased with the developments in the economy. We are targeting a 3 percent growth this year, with the potential to reach around 4 percent going into the next year, largely driven by tourism, while also exploring opportunities in other sectors,” Whiteside stated.
He emphasized that investments from both local and international sources have fortified Fiji’s economic foundation, enabling essential infrastructure development and progress in key areas. Under Whiteside’s guidance, Kontiki Finance has contributed to this economic upturn by offering consumer loans and backing various business initiatives.
“We anticipate another successful year in 2025. Our first quarter financial results for 2025 have been published, and we can see significant progress,” he added.
Overall, the outlook for Fiji’s economy appears promising, reflecting a positive trajectory that bodes well for future growth and stability. As investments continue to pour in and tourism thrives, Fiji is poised to capitalize on its economic potential, creating opportunities for diverse sectors and enhancing the living standards of its citizens.
This positive spin on Fiji’s economic situation indicates a hopeful future, where the combination of tourism and investment can lead to comprehensive growth and development for the island nation.
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