Fiji’s consumption expenditure is demonstrating notable resilience, as highlighted by former Reserve Bank of Fiji Governor Barry Whiteside. In an interview with Fiji One News, Whiteside, who is also the outgoing Chairperson for Kontiki Finance, shared optimistic projections for the economy, anticipating a growth rate of 3 percent this year. This upward trend is primarily fueled by the tourism sector and investment activity.
Whiteside expressed satisfaction with the current economic performance, stating, “We’ve seen good growth now, we’re quite happy with what’s happening in the economy.” He forecasts that the growth could extend to approximately 4 percent in the following year. He emphasized that investment from both domestic and international sources has significantly bolstered Fiji’s economic framework, paving the way for essential infrastructure and development across crucial sectors.
Under Whiteside’s leadership, Kontiki Finance has contributed to this economic momentum by facilitating consumer loans and promoting business initiatives. He mentioned their recent release of first-quarter financial results for 2025, expressing confidence in continued progress.
This positive outlook for Fiji’s economy highlights the pivotal role of tourism and investment in driving growth, setting a hopeful tone for 2025. As Fiji navigates its economic recovery and strives for further development, the collaboration between various sectors can foster an environment of sustained prosperity.
Summary: Fiji’s economy is projected to grow by 3% this year, led by tourism and investment, with expectations of reaching 4% next year. Former Reserve Bank Governor Barry Whiteside emphasizes the importance of local and international investments in strengthening the economic landscape. Under his leadership, Kontiki Finance has actively contributed to the growth by supporting consumer loans and businesses, fostering a positive outlook for the future.
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