Fiji's economy will shrink, Reserve Bank warns

The Reserve Bank of Fiji has projected the economy will shrink two to four per cent this year, The Fiji Times reported Tuesday 27 February.

Reserve Bank governor Savenaca Narube said the range of decline had been deliberately widened as the central bank continued to evaluate the full impact of the political crisis.

Mr Narube said the country had always carried many economic problems with unsatisfactory performances in the sugar, fishing, forestry, agriculture and mining industries.

He said the p

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