Pacific Economic Update, October 2024

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Tác giả:

Ngôn ngữ: eng

Ký hiệu phân loại: 324.29 The political process

Thông tin xuất bản: Washington, DC: World Bank, 2024

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 313598

The World Bank's Pacific Economic Update provides an assessment of the economies of 11 Pacific Island countries (PIC-11) in part 1 and highlights the potential of investment to broaden the economic horizons of the region in part 2. In 2024, growth across PIC-11 economies is estimated to have slowed significantly to 3.6 percent, following a robust 5.8 percent expansion in 2023. This slowdown reflects the diminishing impact of the post-pandemic recovery, particularly in Fiji, which accounts for over half of the output of the PIC-11. Fiji's growth is projected to decelerate to 3.1 percent, down sharply from 8 percent in 2023, as economic activity returns to pre-pandemic levels. Meanwhile, Solomon Islands is expected to see more moderate growth of 2.5 percent, compared to 3 percent in 2023, due to structural challenges limiting the economy's capacity to sustain higher growth rates.
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