Reserve Bank forecasts 3% growth in 2016

The National Reserve Bank of Tonga is forecasting a growth of 3.2% percent for the local economy.

This was revealed at a media conference on Friday.

NRBT Governor Ngongo Kioa made the comments in Nuku’alofa, following a meeting with Cabinet.

The forecast augurs well for Tonga, as the country slowly recovers.

The worldwide forecast is that economies would grow by 10% this year.

Last year’s growth was forecast at 2%.


Nuku'alofa Times