In the space of just a few months, the COVID-19 crisis has resulted in GDP declines globally.
Here at home, our reliance on external factors, makes it difficult to forecast the path towards an eventual recovery.
The impacts from COVID19 on the Fijian economy and private businesses is set to remain for sometime even after the Pandemic is over.
The Former Prime Minister and Leader of Opposition says, the sectors and industries affected most should be helped by government in order to improve business confidence.
With the current crisis set to reshape Fiji’s economy in the months to come, the challenge in the recovery phase will create conditions that will reignite economic growth.
The country is currently in the same position as other bigger economies where there is a downturn on employment, production and imports due to the COVID19 crisis.