(Source: Reserve Bank of Fiji) Vol. 33 No. 07 Month Ended July 2016 Despite improved economic outcomes for some advanced and emerging market economies recently, global financial and economic conditions remain weak mainly due to the impact of the surprise British exit vote from the European Union (EU). Consequently, the International Monetary Fund revised its 2016 global growth projection downward to 3.1 percent from the 3.2 percent forecast in April. This reflected increased uncertainty that is envisaged to adversely affect consumer and investor confidence not only in the UK and EU, but also the global economy. On a positive note, the impact of 'Brexit' on Fiji through direct and indirect...
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