PNG economic survey: some weak signs of recovery
The PNG economy has shown signs of recovery over the 2003 calendar year. This has been due to a fortuitous combination of good weather and good prices for its exports. Consequently, primary exports are on the rebound, the trade account is in a surplus, and construction, retail, and wholesale sectors are experiencing positive growth. This is a welcome change from the past as GDP contracted over the preceding three years. The current level of growth of output, however, is insufficient to bring...[Show more]
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