Republic of Fiji: 2023 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
As a small island dependent on tourism, Fiji’s economy contracted sharply with the pandemic and then rebounded strongly in 2022, as tourism recovered with the reopening of international travel. Growth momentum is expected to continue in 2023, as tourist inflows approach pre-pandemic levels. The new government installed in December has committed to pursue economic reforms that promote inclusive growth and fiscal sustainability. Downside risks to the outlook stem from weaker growth in tourism-source countries, delayed recovery in hotel capacity, and exacerbated skilled labor shortages. Fiji remains vulnerable to external shocks related to natural disasters and climate change.
Series:
Country Report No. 2023/238
Subject:
Economic and financial statistics Exchange restrictions Expenditure Financial regulation and supervision Foreign exchange Government finance statistics International organization Monetary policy Public debt
Frequency:
regular
English
Publication Date:
June 28, 2023
ISBN/ISSN:
9798400247798/1934-7685
Stock No:
1FJIEA2023001
Format:
Paper
Pages:
69
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