{"id":50092,"date":"2014-04-24T23:09:28","date_gmt":"2014-04-25T03:09:28","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=50092"},"modified":"2014-04-24T23:09:28","modified_gmt":"2014-04-25T03:09:28","slug":"fiji-revises-upward-2014-growth-forecast-to-3-8","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/24\/fiji-revises-upward-2014-growth-forecast-to-3-8\/","title":{"rendered":"Fiji revises upward 2014 growth forecast to 3.8%"},"content":{"rendered":"<p>By <a href=\"http:\/\/ift.tt\/1iP0FNb\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; Fiji&#8217;s central bank raised its 2014 growth forecast to 3.8 percent from its November forecast of 3.0 percent due to higher than expected fiscal stimulus and revised economic data.<br \/>&nbsp; &nbsp; Barry Whiteside, governor of the Reserve Bank of Fiji, said the outlook for 2014 growth is forecast to be broad-based and all sectors except for fishing and aquaculture are expected to expand.<br \/>&nbsp; &nbsp; &#8220;If the 2014 growth projection is realized, this will be the firth consecutive year of positive growth, an achievement last recorded between 1992 and 1996,&#8221; Whiteside said in a statement.<br \/>&nbsp; &nbsp; Fiji&#8217;s growth in 2013 is estimated at 3.6 percent and the longer-term growth projections for 2015 and 2016 remain unchanged at 2.4 percent, the central bank said.<br \/>&nbsp; &nbsp; The central bank&#8217;s previous forecast from November was based on Gross Domestic Product data based on a 2005 base while the new forecast is based on a 2008 base, which includes new sectors and a change to the weighting of various sectors.<br \/>&nbsp; &nbsp; Fiji&#8217;s central bank has maintained its overnight policy rate at 0.5 percent since November 2011.<\/p>\n<p>&nbsp; &nbsp; <a href=\"http:\/\/ift.tt\/1iP0FNb\">http:\/\/ift.tt\/1iP0FNb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Fiji&#8217;s central bank raised its 2014 growth forecast to 3.8 percent from its November forecast of 3.0 percent due to higher than expected fiscal stimulus and revised economic data.&nbsp; &nbsp; Barry Whiteside, governor of the Reserve Bank of Fiji, said the outlook for 2014 growth is forecast to be broad-based and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/24\/fiji-revises-upward-2014-growth-forecast-to-3-8\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fiji revises upward 2014 growth forecast to 3.8%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-50092","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=50092"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/50092\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=50092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=50092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=50092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}