Fiji Time: 1:39 AM on Tuesday 21 November

Fiji Times Logo

/ Front page / Archives » Article Index

Global growth momentum expected to continue

TIMOCI VULA
Saturday, November 04, 2017

Update: 3:17PM THE global growth momentum is expected to continue in 2017 as the International Monetary Fund raised its growth projection for the world economy to 3.6 per cent in its October World Economic Outlook, from the earlier forecast of 3.5 per cent, the Reserve Bank of Fiji notes in its economic review for the October month-end.

It stated that stronger rebound in the advanced economies led by faster growth in domestic demand and output in the first half of 2017 supported this outcome. 

For 2018, the central bank said the world economy was expected to grow by 3.7 per cent. 

"Movements in commodity prices were mixed with import prices showing signs of possible tightening while export commodity prices continue to remain low," the RBF said in its review. 

"Inflationary pressures and wage outcomes remained subdued across most economies, reflective of the generally accommodative monetary and fiscal policy stances."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62050.6015
JPY 55.545452.5454
GBP 0.36760.3596
EUR 0.41340.4014
NZD 0.71590.6829
AUD 0.64370.6187
USD 0.48830.4713

from

$0.00

Exchange Rate updated on 20th, November, 2017

Today's Most Read Stories

  1. Fiji Bati requests for continued prayers
  2. Tsunami watch for Fiji
  3. Resort schooner sinks, passengers and crew safe
  4. Schooling in tents
  5. Tura's mountain
  6. Drug raid ends in arrest
  7. FSC 'technically insolvent', says NFP leader
  8. Estonia downs Fiji 2-0
  9. RKSOB lead fight against prostate
  10. Parental negligence investigated in alleged rape case

Top Stories this Week

  1. Fiji places second for Miss World 2017 talent Wednesday (15 Nov)
  2. COP23: France invite for Timoci Friday (17 Nov)
  3. Students holiday fares clarified Tuesday (14 Nov)
  4. Where there's a will... Thursday (16 Nov)
  5. Stunningly impressive Tuesday (14 Nov)
  6. Walker brothers' radar focuses on Fiji Bati kingpin Friday (17 Nov)
  7. Bati-mania Tuesday (14 Nov)
  8. Tighten defence Wednesday (15 Nov)
  9. 'God first' Sunday (19 Nov)
  10. Timoci opens COP23 Thursday (16 Nov)