According to the central bank, this followed a stronger growth of 3.7 per cent and 3.4 per cent for 2014/15 and 2015/16 respectively as indicated at the Statistics Department’s official estimate.
The projected growth for 2016/17 was mainly driven by anticipated growths in construction, utilities, fisheries and mining and quarry.
Several events scheduled for 2016/17 supported the growth in tourism and trade sectors.
At its meeting yesterday, the Reserve Bank’s board of directors approved to release its Monetary Policy Statement (MPS) for February 2017.