The World Bank has announced that growth in Pacific economies will slow.

◻️The World Bank has announced that growth in Pacific economies will slow to 3.6% this year.

◼️According to the report published by the bank, this decline, after 5.8% growth in 2023, is due in particular to the slowdown in the recovery from the pandemic in Fiji.

◻️Fiji's growth is expected to slow to 3.1% this year. The report stated that the growth expectation for the 2020-2029 period has decreased to 2.7%, with climate change and natural disasters reducing investment.