FIJI ECONOMIC GROWTH EXPECTED

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SUVA, Fiji Islands (September 7, 1999 – Fiji Village News)---Fiji’s economic growth rate is expected to increase by seven percent this year based on an expected strong performance in the sugar industry and the garment and tourism sectors.

The latest Reserve Bank review predicts a cane crop of about 3.8 million tons this year, with sugar production estimated at 400,000 tons.

Meanwhile, dalo (taro) production has increased by 30 percent so far this year while yaqona (kava) fell by about 900,000 tons.

Inflation also fell to a five-year low of one percent for the July period.

The recent electricity and water rate cuts are expected to further decrease inflation rates.

For additional reports from Fiji Village News, go to PACIFIC ISLANDS REPORT News/Information Links: Fiji Village News).

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