But we know that we can do better especially when we benchmark Fiji's performance against the Pacific and some Asian economies. Investment is growing with momentum coming from the private sector. Tourism is doing well. Inflation remains low. We also have challenges ahead of us. These challenges can be resolved in the short term if we do the necessary things now.
The large increases in fiscal deficits and public debt incurred to provide stimulus to the economy have already raised concerns in financial markets, as suggested by the widening sovereign spreads relative to pre-crisis levels, for economies with large fiscal burdens. If the recovery were to stall, followed by a prolonged period of very-low growth, deficits and debt could swell to difficult-to-sustain levels.