Fiji is experiencing a noteworthy resilience in consumption expenditure, as highlighted by Barry Whiteside, the former Governor of the Reserve Bank of Fiji. In an interview with Fiji One News, Whiteside, who is also the outgoing Chairperson of Kontiki Finance, expressed optimism about the country’s economic outlook, projecting a positive growth rate of 3 percent this year, with expectations to rise to approximately 4 percent in the near future. This growth is primarily fueled by robust activities in the tourism sector, alongside investments from both local and international stakeholders.
Whiteside noted that recent investments have significantly strengthened Fiji’s economic framework, contributing to essential infrastructure and advancements in various key sectors. Under his leadership, Kontiki Finance has been instrumental in facilitating consumer loans and supporting business initiatives, further propelling the economy.
Looking ahead, he conveyed a hopeful perspective for 2025, mentioning the encouraging results from the first quarter of the financial year. This indicates a trajectory of ongoing progress and optimism for continued growth within Fiji’s economic landscape.
In summary, Fiji’s economic prospects appear to be bright, driven by investments and a vibrant tourism sector, fostering an environment conducive to growth and development. This positivity underscores the resilience of the Fijian economy, paving the way for a promising future.
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