Treasurer, Patrick Pruaitch, says Papua New Guinea's economy continues to grow in 2014, largely supported by the gas and mining sectors.
Presenting his 2014 mid-year Economic and Fiscal Outlook Statement to Parliament today, Mr Pruaitch says the economic outlook continues to remain positive in 2014, with the domestic economy projected to grow at 6.2 percent. He says this represents 14 years of uninterrupted economic growth. Mr Pruaitch says the strong growth is supported by the first production and export of the liquefied natural gas, key mines returning to normal production, with nickel production expected to ramp up to over half of full capacity, lifting total output from the sector in 2014. He says, the agriculture, forestry, fishing, and other non-mineral sectors are also expected to record positive growth rates in 2014. Mr Pruaitch says PNG's domestic inflation will remain within manageable levels. Comments are closed.
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