Macro - Country Economic Forecasts - Fiji
We expect Fiji's GDP to grow 17.1% y/y in 2022, mainly due to a revival of tourism, a key driver of exports. This underlies our forecasted 69.3% expansion in exports over 2022, up from our previous forecast of 48.3%. Fiji came out of strict lockdown in Q4 2021, reopening its and restarting quarantine-free direct flights to and from New Zealand. We expect aggregate travel will surpass 2019 levels by 2024, resulting in a current account surplus of 2.2% of GDP in the medium term.
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