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Fiji’s recovery may be slower than those of its Pacific neighbours but there are signs that it is picking up, said ANZ’s chief economist Asia Paul Gruenwald.
Gruenwald arrives in Fiji today for a Pacific tour and will be addressing local leaders on economic developments in the region.
“I’m delighted to be coming to Fiji to provide our perspective on economic developments across the Asia Pacific region and the global economy.
“Given the world is emerging from a major financial crisis and Fiji is showing signs of a pick up in growth, I’m keen to learn more about local issues impacting the Fiji economy,” Gruenwald said.
He said tourism numbers have picked up in Fiji and other Pacific countries in recent months, largely due to the relatively positive economic performance in Australia “which is a good sign for Fiji.”
“We expect the Fijian economy to experience modest growth, compared to last year’s negative GDP outturn,” Gruenwald said.
His visit coincides with the release of ANZ’s Pacific quarterly bulletin, where it expects Fiji’s economic growth pick up to be driven by an improvement in the mining sector.
