Fiji had experienced colossal losses of around $ million attributed to natural disasters in 2012; with $ million caused by the two major floods and an even greater loss of $ million caused by Cyclone Evan. CCFL’s own Namaka Branch, along with other financial institutions in the area, were severely affected by these events.
Both high-frequency and survey indicators bottomed out in April and showed a significant, though uneven and partial, recovery in May and June, alongside the ongoing containment of the virus and the associated easing of the lockdown measures.