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Article: Solomon Islands economy to slow, not stop.
- Article from:
- PAC - Pacific Islands Broadcasting Association
- Article date:
- November 19, 2008
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19 NOVEMBER 2008 HONIARA (Pacnews) ----- The head of Solomon Islands Central Bank says economic growth will slow as a result of the global financial crisis.
Solomons Central Bank Governor Denton Rarawa said the downturn in global commodity prices would reduce growth to about four to five per cent this year, down from 10 per cent last year.
He said , however, the global meltdown has had little other negative impact on the country's economy and in fact has helped bring down prices of oil and food.
He has told Radio Australia to maintain the cushioning effect of the global problems, Solomon Islands must tread carefully.
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