2 Nov 2002

Reserve Bank says Fiji economy continuing an upward trend

8:59 am on 2 November 2002

The Reserve Bank of Fiji says the country's economy is continuing its upward trend despite global uncertainties in the month of September.

The Reserve Bank says domestic growth was in line with the bank's expectations.

Its governor, Savenaca Narube, says major sectors. particularly tourism, performed favourably.

Tourism is expected to lead growth in the medium term, but cane production and sugar exports remain weak.

Foreign reserves in September stood at 355 million US dollars..