12 May 2021

Pacific economies forecast to head back into growth

From Pacific Waves

The Pacific's largest development bank has pegged the region to head back into growth before the end of the year following a 5.8 percent contraction in 2020 brought on by the Covid-19 pandemic.

The Asian Development Bank's latest regional assessment tips minor growth this year before economic resurgence in 2022.

But not all countries can expect a turnaround before next year.

I'm joined now by Dominic Godfrey who's been talking to the ADB, so what can the region expect this year Dominic?

Cranes dot the skyline in Papua New Guinea's bustling capital Port Moresby.

Cranes dot the skyline in Papua New Guinea's bustling capital Port Moresby. Photo: RNZ Pacific/ Koroi Hawkins

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