SUVA, Fiji Islands (April 3, 2002 – Radio Australia)---Fiji's central Reserve Bank is forecasting higher economic growth for the country this year.
Radio Australia correspondent Ofa Kaukimoce reports.
"The governor of Fiji's Reserve Bank, Savenaca Narube, says the revised estimate is now 4.4 percent. The earlier forecast was three and a half per cent.
"According to Narube, growth is expected in all sectors except cane and sugar.
"The Reserve Bank attributes the growth to higher consumer spending, which is supported by higher disposable income.
"And, as economic activity picks up, employment is expected to rise.
"The governor says the Reserve Bank will continue to support the recovery of the economy, through low interest rates.
"Ofa Kaukimoce, Radio Australia News, Suva."
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