The Solomon Islands Human Resources Development Minister, Mathew Wale, has told parliament that the economy is being affected by the current world recession.
According to the Solomon Islands Broadcasting Corporation, Mr Wale says as a result the price of exportable commodities has fallen substantially and may result in the country not being able to sell all its products.
Mr Wale said the logging sector has not been able to sell all the harvested logs.
He said this should be a concern to the country as the sector contributes around 17 percent of government revenues, 67 percent of the country's foreign earnings and accounts for a third of the country's Gross Domestic product.
Mr Wale said what happens to this sector will have a direct and substantial impact on the economy and government revenues.
