18 May 2006

Reserve Bank in Fiji revises growth figure upwards

8:32 am on 18 May 2006

The Reserve Bank of Fiji has revised upwards its projected economic growth figure for this year from 2-per cent to 2-point-7 per cent.

The Reserve Bank's monthly economic review says continued investment in Fiji has been supported by a booming construction industry and optimism in tourist arrivals.

It is also forecasting growth in fishing, forestry, electricity and water sectors.

The bank also recorded an increase in employment with 9-per cent more people registered as now working.

The bank's survey of jobs advertised in March recorded an increase of 18- per cent over the same month last year.