Results for World Bank Pacific Economic Update

Despite uncertainty about the outlook for inflation and interest rates in major economies and trading partners, developing Pacific economies are expected to grow in 2023 and 2024 due to a recovery in tourism, post-disaster rebuilding, and infrastructure construction, a World Bank report released today says. Fiji is expected to continue leading the Pacific's recovery from the pandemic. Robust growth is also projected for Palau, Samoa, Tuvalu, and Federated States of Micronesia. While in Tonga most households receive remittances from abroad.