Fiji’s economy is demonstrating notable resilience, with positive growth anticipated in consumption expenditure. Barry Whiteside, the former Governor of the Reserve Bank of Fiji and current Chairperson of Kontiki Finance, shared insights on this trend during an interview with Fiji One News.
Whiteside projects a 3 percent growth for the economy, fueled largely by robust investment and a thriving tourism sector. He expressed optimism about the economic outlook, suggesting that growth could extend to around 4 percent in the coming year, driven primarily by the tourism industry while also looking at blossoming opportunities in other sectors.
The influx of local and international investment has fortified Fiji’s economic base, leading to significant advancements in infrastructure and critical sectors. Under Whiteside’s guidance, Kontiki Finance has contributed to this economic growth by enabling consumer loans and supporting entrepreneurial initiatives.
Reflecting on the organization’s performance, Whiteside is upbeat about 2025, noting promising results from the first quarter of the financial year. He emphasized that progress is evident, and there is a collective anticipation for another successful year ahead.
This proactive approach and the resilience shown in Fiji’s economy not only inspire confidence but also highlight the importance of continued investment and development in the region. The focus on diversification beyond tourism could lead to even greater economic stability in the future.
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