Ladies and gentlemen, I will first look at the performance of the global economy, particularly at the performance of our trading partner countries. I will then discuss the domestic economy, where I will touch on Fiji’s macroeconomic performance and challenges, and what we must do to ensure that we secure a better future for all. 1.
Global Economic Conditions and Outlook  Let me begin by summarizing the conditions in the global economy. According to the International Monetary Fund (IMF), the global economy is expected to grow by 4.2 percent this year, following a contraction of 0.6% in 2009. Further growth of 4.3 percent is expected in 2011.