The Papua New Guinea Economy
Papua New Guinea's modest recovery continues. GDP grew again in 2004 by 2.6 per cent. As in 2003, good weather and buoyant commodity prices played an important role: but last year showed signs of a broader base to growth, as the government's efforts on the deficit and debt management improved the overall business environment. The budget was in surplus, inflation fell, key interest rates eased and public debt fell relative to GDP. There is little room to relax on the public finance reforms that...[Show more]
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ANU Research Publications
|Source:||Pacific Economic Bulletin|
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