Publication:
Pacific Economic Update, October 2024: Diminishing Growth amid Global Uncertainty: Ramping up Investment in the Pacific

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-10-15T16:57:02Z
dc.date.available2024-10-15T16:57:02Z
dc.date.issued2024-10-15
dc.description.abstractThe World Bank’s Pacific Economic Update provides an assessment of the economies of 11 Pacific Island countries (PIC-11) in part 1 and highlights the potential of investment to broaden the economic horizons of the region in part 2. In 2024, growth across PIC-11 economies is estimated to have slowed significantly to 3.6 percent, following a robust 5.8 percent expansion in 2023. This slowdown reflects the diminishing impact of the post-pandemic recovery, particularly in Fiji, which accounts for over half of the output of the PIC-11. Fiji’s growth is projected to decelerate to 3.1 percent, down sharply from 8 percent in 2023, as economic activity returns to pre-pandemic levels. Meanwhile, Solomon Islands is expected to see more moderate growth of 2.5 percent, compared to 3 percent in 2023, due to structural challenges limiting the economy’s capacity to sustain higher growth rates.en
dc.identifierhttp://documents.worldbank.org/curated/en/099101424002525333/P5069571930b360dd1a998151821271584d
dc.identifier.doi10.1596/42246
dc.identifier.urihttps://hdl.handle.net/10986/42246
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectPIC-11
dc.subjectINVESTMENT TRENDS
dc.subjectINVESTMENT VOLATILITY
dc.subjectINFRASTRUCTURE
dc.subjectDISASTER RESILIENCE
dc.titlePacific Economic Update, October 2024en
dc.title.subtitleDiminishing Growth amid Global Uncertainty: Ramping up Investment in the Pacificen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titlePacific Economic Update, October 2024: Diminishing Growth amid Global Uncertainty: Ramping up Investment in the Pacific
okr.date.disclosure2024-10-15
okr.date.lastmodified2024-10-14T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099101424002525333/P5069571930b360dd1a998151821271584d
okr.guid099101424002525333
okr.identifier.docmidP506957-930b3696-7c9e-4ddd-a998-51821271584d
okr.identifier.doihttps://doi.org/10.1596/42246
okr.identifier.externaldocumentum34404193
okr.identifier.internaldocumentum34404193
okr.identifier.report194081
okr.import.id5463
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099101424002525333/pdf/P5069571930b360dd1a998151821271584d.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPacific Islands
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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