Forum Economic Ministers Meeting (FEMM)

Deficits, global uncertainty worsen climate threat

Chair of the 2019 Forum Economic Ministers Meeting (FEMM), David Adeang, said this during his opening remarks at the Pacific Island Forum Secretariat in Suva, Fiji.

Global economic growth for 2019 is expected to be lower than anticipated reflecting a slowdown of the global economy at the end of 2018, ongoing US-China trade tensions and continued uncertainty surrounding BREXIT.

Adeang says any impact on the Pacific will likely be felt through major trading partners, though the outlook remains rather positive for them with economic growth expected at 2.4 percent.