Economy in Tonga
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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TONGA, 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 %.
