Neither have we seen people losing their homes and collapse in the real estate industry to the scale that have been seen in many other countries. We have managed well so far in light of the prevailing global conditions given our limited resources and stage of economic development. We cannot be complacent though.
We need to continue to be vigilant, innovative and undertake reforms or changes that will drive our growth performance. In terms of GDP, the adverse effects of the global crisis plus the floods in the early part of this year significantly affected the economic growth of Fiji this year.