Fiji’s consumption expenditure is showing remarkable strength, with promising growth projections highlighted by former Reserve Bank of Fiji Governor Barry Whiteside. In an interview with Fiji One News, Whiteside, who is also the outgoing Chairperson of Kontiki Finance, indicated that the economy is on track for a 3 percent growth this year, with prospects of reaching around 4 percent into the next year. This growth surge is largely driven by the tourism sector along with increased investments.
Whiteside noted, “We’ve seen good growth now, and we’re quite happy with what’s happening in the economy. It is fueled primarily by tourism, but we are also exploring opportunities in other sectors.” He emphasized that both local and international investments have fortified Fiji’s economic backbone, facilitating the development of essential infrastructure.
Under his tenure, Kontiki Finance has contributed to this economic uptick by enabling consumer loans and supporting various business initiatives. As he reflected on the progress made, Whiteside expressed optimism for the future, stating, “We’re looking forward to another good year in 2025. Our first-quarter financial outcomes for 2025 show promising results.”
This positive trend brings hope for continued growth in Fiji’s economy, suggesting a bright future propelled by tourism and strategic investments in diverse sectors.
In summary, Fiji’s economy is demonstrating robust growth with strong tourism and investment fueling optimism for the coming years.
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