A report on the impact of the recession on Fiji's economy has highlighted the drop off in both tourism and remittances.
Economist, Dr Mahendra Reddy, who is the dean of the Faculty of Commerce, and Tourism Studies at the Fiji Institute of Technology, says while Fiji had put in place policy responses to the global financial crisis, it is yet to be "out of the woods."
He said tourism was already well below its past performance due to a number of factors including the military takeover in 2006.
Fiji Live says the report also quantified the drop off in remittances.
The total volume of remittances to Fiji stood at US$170 million in 2006.
However, following the coup in 2006, it declined to US$136 million in 2007 and further declined to US$99 million in 2008.
Dr Reddy says such a decline in the volume of remittances has a direct impact on the well-being of households
