How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis

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The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.

Papua New Guinea experiencing temporary loss of momentum, say reports

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With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.

Papua New Guinea’s economy remains broadly positive despite slow economic growth forecast for 2020

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Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.

Analysts Fitch forecasts higher economic growth for Papua New Guinea in 2019 but kina to weaken

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Financial analysts Fitch Solutions is forecasting higher economic growth for Papua New Guinea next year. But it says the kina is overvalued, which may pose problems in the future if the the Government’s proposed sovereign bond issue is successful.

Papua New Guinea interest rates likely to remain stable and inflation to fall, say research groups

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Interest rates are likely to remain at 6.26 per cent for the rest of 2017, and inflationary pressures are expected to moderate, according to the latest economic analysis by Singapore-based BMI Research, a unit of Fitch Group.