Tonga: Polynesian pain to continue
2013/05/28
The ADB has projected a further slow down in GDP increase for Tonga (from 0.8% in 2012 to 0.5% in 2013), Samoa (1.2% to 0.9%) and the Cook Islands (3.3% to 3.0%). While the Cook Islands increase performance is solid, Samoa and Tonga appear to be in protected periods of slow increase: average GDP increase for Tonga for the last decade is just 1 %.
There’s marginally good news for Fiji though: its 2003 estimate is up from ADB’s formerly projection of 1.7% to 2%, which acknowledgement by the ADB that increase could go higher this year.
The ADB’s Christopher Edmonds and Aaron Batten have summarised the key findings of the new Pacific Economic Monitor in a post for Devpolicy.
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