Fiji’s consumption expenditure is demonstrating resilience, as evidenced by strong growth figures reported 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, highlighted that the economy is projected to grow by a positive 3 percent this year, with encouraging prospects for the next year as well.
Whiteside expressed optimism, stating, “We’ve seen good growth now, and we’re quite happy with what’s happening in the economy. We’re looking at a 3 percent growth this year and into next year, with a potential increase to around 4 percent, driven primarily by tourism and investments in other sectors.”
He emphasized that both local and international investments have fortified Fiji’s economic foundation, contributing significantly to the development of critical infrastructure and key industries. Under Whiteside’s leadership, Kontiki Finance has supported this economic momentum by facilitating consumer loans and backing various business ventures.
Additionally, he indicated that the first quarter financial outcome for 2025 has been promising, reaffirming their positive outlook for another successful year ahead.
This growth signals a hopeful and vibrant future for Fiji’s economy as it continues to thrive, driven by essential sectors like tourism and continuous investment. The resilience seen in consumption expenditure bodes well for the nation’s recovery and development initiatives.
In summary, Barry Whiteside projects a thriving economic climate for Fiji, with expected growth driven by tourism and investments, indicating a positive trajectory for the nation in the coming years.
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