Fiji’s consumption expenditure is demonstrating impressive resilience, as indicated by strong growth projections, according to Barry Whiteside, the former Governor of the Reserve Bank of Fiji. In an interview with Fiji One News, Whiteside, who also serves as the outgoing Chairperson of Kontiki Finance, noted that the economy is expected to grow by 3 percent this year, primarily driven by flourishing tourism and investments.
Whiteside expressed optimism about the current state of the economy, highlighting that good growth trends are being observed. “We’re quite happy with what’s happening in the economy. We’re looking at a 3 percent growth this year and possibly around 4 percent next year, all driven by tourism,” he stated. He also pointed out that investment from both local and international markets has bolstered Fiji’s economic foundation, facilitating essential infrastructure development and advancement in crucial sectors.
Under Whiteside’s guidance, Kontiki Finance has actively contributed to this economic growth by providing consumer loans and supporting various business initiatives. He emphasized the positive outlook for the year ahead, specifically mentioning the first quarter financial outcomes for 2025, which indicate ongoing progress.
This positive trajectory not only reflects the resilience of Fiji’s economy but also showcases the potential for sustained growth in the coming years, particularly in key areas like tourism and investment. With continued support and strategic development, Fiji is poised for a prosperous future.
In summary, the article highlights Fiji’s economic resilience, marked by a projected growth rate of 3 percent, with hopes of reaching 4 percent in the near future, as investments and tourism remain pivotal to this expansion.
Hopeful Commentary: This outlook suggests a bright horizon for Fiji, where the strategic focus on tourism and infrastructure could lead to increased prosperity and improved living standards for its citizens.
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