Update: 3:37PM FIJI’S global economic prospects in the near-term remain favourable supported by an improved outlook for advanced and emerging market economies, says the Reserve Bank of Fiji.

In its economic review for the month ended December this year, the central bank said for the country’s major trading partners, a rebound in government investment in the United States (US) propelled growth in the third quarter, while expansion in manufacturing and services output contributed to firmer growth in the Euro zone economy. 

For Japan, it said that a pick-up in manufacturing activity strengthened growth while continuation of policies by the Abe-led government indicated sustained growth prospects. 

The RBF reported that growth in China continued to be supported by services and consumption activity while increased investment and manufacturing output boosted growth in India. 

It said that for Australia, the economy was still expanding albeit at a slower pace, while economic activity in New Zealand was anticipated to improve further in the near term.