PNG's Economic Outlook Positive for 2024: BPNG 2024 MPS …
Apr 15, 2024 · Bank of Papua New Guinea (BPNG) predicts a rebound in real GDP (gross domestic product) growth in 2024, primarily driven by a strong performance in the mineral sector of PNG.
Papua New Guinea Economic Update – May 2024 - World Bank …
Papua New Guinea’s economy is forecast to accelerate in 2024 after a slowdown last year, yet greater investment in education is critical to the country’s longer-term economic future. The May 2024 Economic Update outlines a recovery to pre-COVID output levels.
PNG’s positive economic outlook may not lift living standards
Feb 7, 2024 · Despite a positive macroeconomic outlook, without significant reforms, government policies may not improve living standards, and ongoing issues such as the high cost of living and high youth unemployment will pose difficulties in 2024 — as shown in violent riots in January.
As Papua New Guinea Returns to Economic Growth, World Bank …
The new report highlights the potentially significant economic gains to be made in PNG through efforts to address gender inequality, including improvements in overall family incomes, more substantial education and training and increased economic productivity.
The positive flow on effects from the commencement of operations at New Porgera and increased government spending are also expected to provide opportunities for the non-mineral sector.
Papua New Guinea’s economic outlook remains favorable. Growth is expected to soften to 3.0 percent this year, due to the normalization of LNG production, but is projected to rebound to 5.0 percent in 2024, spurred by the expected reopening of Porgera gold mine and by sustained growth in the agriculture and service sectors.
Monthly Economic Review | Bank of Papua New Guinea (PNG) …
Aug 29, 2024 · The Governor of Bank of Papua New Guinea Ms. Elizabeth Genia, releases the BPNG Monthly Economic Review Report for each month ending in a year. Bank of Papua New Guinea is the central bank of Port Moresby, Papua New Guinea (Niugini). It's main role is to issue currency and to act as banker to the Government.
BSP gives positive outlook of PNG’s economic growth
Jul 18, 2021 · DESPITE recent negative publicity alleging BSP-PNG’s money laundering saga, BSP recently released a positive and encouraging report projecting PNG’s economy growth to accelerate to 4.2 per cent in 2022.
Barker: More Positive Economic Outlook - PNG Business News
May 12, 2021 · Barker: More Positive Economic Outlook. By: PNG Business News May 12, 2021. According to Paul Barker, executive director of the Institute of National Affairs, there are more optimistic economic signals in the wind right now.
Papua New Guinea Economic Update: PNG Economy Navigating …
Papua New Guinea Economic Update: Navigating a Fragile Recovery looks at key recent developments in PNG’s economy and places these in a longer-term and global context, with the report estimating the economy returned to positive growth of one percent in 2021 after contracting by 3.5 percent in 2020.