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By Staff Reporter : PNG Today

World Bank warns of worse PNG Economy performances

The World Bank is warning that Papua New Guinea will have the worst performing economy in the Asia Pacific region over the next three years.
Its economists have reviewed the new government’s supplementary budget an estimated growth for 2017 at 2.1 percent and 2.5 percent next year.

PNG’s Treasurer Charles Able told Radio Australia, the downturn comes after ten years of a very high growth and there are major projects which will boost the economy in the future.
"Papua New Guinea's economy is very susceptible to global circumstances.
"And whilst we acknowledge there will be a downturn, a temporary downturn, we still very much enjoy the fact that Papua New Guinea has been blessed with, and that is all these wonderful natural wealth." NBC / PNG Today

Posted by Staff Reporter : PNG Today on 3:12 AM. Filed under , . You can follow any responses to this entry through the RSS 2.0. Share this Article

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