Fiji’s economic recovery is better than expected, says Governor of the Reserve Bank of Fiji, Ariff Ali.
He made a presentation at the International Conference on business, Hospitality and Tourism (ICBHT) at Namaka campus in Nadi last Saturday.
“Following two years of sharp contraction that wiped out almost one-quarter of the Fijian economy; counter-cyclical fiscal policies, and accommodative monetary policy coupled with high vaccination rate paved the strong recovery in 2022 with the reopening of the borders in December 2021,” Mr Ali said.
Initially, it was not easy to forecast visitor arrivals following the lockdowns.
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