15 Jun 2012

Fiji leader says flood recovery will take time

7:20 am on 15 June 2012

The Leader of the Fiji Labour Party says it is not possible for the country to make a full recovery from the impact of flooding in January and March within this year.

Mahendra Chaudhry's comments are in reponse to an assessment report involving graduates of the University of Fiji, which concludes the economy contracted by as much as eight percent in the first four months of this year.

Mr Chaudhry says the report indicates the flooding led to significant declines in the country's major industries including sugar, tourism, mining, manufacturing and timber.

He says the impact of the floods has been the worst these industries have experienced compared with previous natural disasters in Fiji.

"Well I think it will recover but it'll take time. I don't think that a full recovery is possible within this year. We're still experiencing pretty adverse weather. It's still pretty wet. We've just had some flooding in the west, so it is affecting our agriculture production and also our manufacturing sector."

Mahendra Chaudhry says he is predicting export revenues will drop substantially this year.