Domestic economy Domestically, the performance of the economy last year was supported by the improved global economic recovery. In 2010, Fiji’s economy is estimated to have grown marginally by 0.6 percent driven by the positive performance of the manufacturing, hotels and restaurants, mining, financial intermediation and services, and real estate sectors. This year, aggregate growth is expected to be 2.7 percent.
Establishing a SWF to manage large windfall revenues from high commodity prices is talked about for some years. The decision to park the surplus revenue in trust accounts was not a good solution. I have no doubt that a SWF would have managed the surpluses in a much better way.