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Fiji's economy continues to strengthen due to recovery of tourism, other sectors

SUVA
2022-09-30 17:18

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SUVA, Sept. 30 (Xinhua) -- Fiji's economy continues to strengthen due to rebound in tourism and other key economic sectors with positive flow on effects onto the labor market.

According to a statement by the Reserve Bank of Fiji on Friday, cumulative to August this year, Fiji received a total of 354,277 foreign tourists, representing 59.8 percent of arrivals in the same period of 2019, with August alone bringing in 70,110 foreign tourists.

On Sept. 30, Fiji's foreign reserves remained comfortable at about 15.343 billion U.S. dollars, enough to support 8.3 months of imports of goods and services.

Fiji's economic growth is expected to rebound by 12.4 percent this year, following a 15.2 percent contraction in 2020 and a 4.1 percent decline in 2021.
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