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Pacific island economies hit by global slump

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by August 19, 2016 Regional News

Countries in the Pacific region will see economic growth sharply decline from 7.0 percent, recorded last year, to an average of 3.9 percent in 2016, according to the Asian Development Bank (ADB).

In its Pacific Economic Monitor of July 2016, the ADB attempted to put a positive gloss on the figures, claiming the region was unlikely to be “significantly affected by heightened uncertainty in the global economy.” Some Pacific economies improved slightly last year, it said, reflecting stronger than expected performance in tourism, fisheries and construction. We’re sorry. You don't have permission to access this page. Please sign up to have full access to this page.

 

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