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Macro - Country Economic Forecasts - Solomon Islands

Publisher Oxford Economics
Published Nov 15, 2024
Length 1 Pages
SKU # OFE19339362

Description

Macro - Country Economic Forecasts - Solomon Islands



We have revised up our 2024 GDP growth forecast for the Solomon Islands by 0.1ppts to 2.3%, still below the Asia Pacific average of 3.9%. We expect similar levels of growth through 2025, as large infrastructure projects outlined in the Solomon's National Infrastructure Pipeline counteract a projected decline in logging. In the medium term, the labour mobility scheme is set to assist economic activity. We anticipate growth of 3.2% in 2026 and 2.8% in 2027, aided by initiatives to bolster agricultural industries such as the Solomon Islands Agriculture and Rural Transformation.

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1 Pages
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