Fiji’s consumption expenditure demonstrates resilience, according to 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, highlighted a projected growth rate of 3% for the economy, largely fueled by investment and tourism.
Whiteside expressed optimism about the current economic landscape, noting, “We’ve seen good growth now, we’re quite happy with what’s happening in the economy. We’re looking at a 3% growth this year and into next year, with potential growth around 4%, all driven by tourism and our plans for other sectors.”
He pointed out that both local and international investments have bolstered Fiji’s economic framework, contributing to essential infrastructure and development in significant industries. During his tenure, Kontiki Finance has aided this economic boost by facilitating consumer loans and supporting various business initiatives.
“We are looking forward to another strong year in 2025. We just released our first-quarter financial results for 2025, and we are seeing promising progress,” Whiteside added.
This positive outlook suggests that with continued investment and a focus on tourism, Fiji’s economy may not only recover but thrive, paving the way for a brighter financial future for its citizens.
In summary, Barry Whiteside’s insights underscore a promising trend in Fiji’s economy, with strong consumption spending, projected growth in the tourism sector, and a commitment to infrastructure development laying the groundwork for sustainable growth.
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