Fiji’s economy is projected to expand by 3.4 percent in 2025, as announced by the Reserve Bank of Fiji (RBF) in its latest quarterly report. This anticipated growth is primarily driven by activity within the services sector, showcasing the resilience of Fiji’s economic landscape.
Following the forecast for 2025, RBF has also shared projections for the subsequent years, estimating growth to decline gradually to 2.9 percent in 2026 and 2.8 percent in 2027. The findings from the RBF’s February 2025 Business Expectations Survey (BES) indicate a generally optimistic outlook for business conditions across various sectors for the next six to twelve months, albeit slightly lower than prior reports.
Moreover, the RBF highlights that the International Monetary Fund (IMF) has revised its global growth forecasts downward, now estimating a global growth rate of 2.8 percent for 2025 and 3.0 percent for 2026, emphasizing challenges like rising trade tensions and policy shifts worldwide, particularly due to U.S. tariff increases.
The forecast for Fiji’s economy reflects its potential for continued growth despite external pressures. With a robust services sector and a stable outlook for business confidence, there is hope that Fiji can navigate through these challenges and maintain its growth trajectory in the coming years.
Additionally, previous reports noted improvements in the economy, such as a notable increase in visitor arrivals and financial conditions that support consumer spending, reinforcing the positive sentiment for the future. As the nation braves these economic uncertainties, strategic focus on investment and maintaining consumer confidence will be crucial for fostering sustainable growth.
Overall, while external factors may pose challenges, the projected growth signals a hopeful trend for Fiji’s economy, indicating that continued efforts in leveraging its strengths could pave the way for enhanced economic resilience and prosperity.
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