#fijivillageONRECORD with TISA Insurance | Fiji’s growth rate down 1.5%, inflation to exceed 6%.

Economic growth for Fiji this year is now revised downwards from the 3% forecast at the end of last year to 1.5%, and inflation is expected to stand at more than 6 percent. Reserve Bank of Fiji Governor and Chairman of the Macroeconomic Committee, Ariff Ali says we are in period of uncertainty and volatility. Ali says Fiji's debt to Gross Domestic Product ratio stands at 84 percent, and government expenditure has increased to $4.8 billion. The RBF Governor says there are many factors that need to be considered urgently that are affecting us, which include the Ease of Doing Business in Fiji, the crime rate, drugs and HIV. Ali says all these issues affect people and he is also concerned that the driver of the economy, tourism will be affected by some of these factors if nothing is done.