Governor of Bank of Papua New Guinea discusses mixed economic outlook

loi-bakani

Loi Bakani, the governor of the Bank of Papua New Guinea, delivered a speech on July 6 about the current state of the Papua New Guinean economy, highlighting mixed economic indicators.

Speaking at the presentation of the central bank's quarterly economic bulletin, Bakani said the country will experience high economic growth in 2012, in part due to strong private sector investment. The governor added that the inflation outlook was also encouraging. "Despite the strong domestic economic growth and

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