“In the latest issue of the Pacific Economic Monitor, released yesterday (March 26), the ADB forecasts that the average rate of growth in its 14 developing member countries in the Pacific region will fall to 5.2%, as earlier gains from major foreign investments and public infrastructure projects fade. The performance of the region’s larger natural resource exporting economies (Papua New Guinea (PNG) and Timor-Leste) continues to drive the economic outlook, with these two economies comprising about two-thirds of the weight in the regional growth average…” [read more].
Pacific regional events
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- South Sea Islanders commemorate Australia Day with Melanesian Mini-fest
- US-China wargame targets Guam, but security expert says islanders 'desensitised' to war
- Pacific seasonal workers need clearer communication, says liaison officer
- Vanuatu PM calls to 'rectify' labour mobility program after hundreds of seasonal workers given forged papers
- Papuan journalist Victor Mambor says bomb attack likely a result of his reporting