Understanding GDP

FijiTimes

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Understanding GDP

Despite claims by the FijiFirst government of rising GDP, why has poverty increased in Fiji? COVID is usually used as the reason. However, one must remember that poverty was rising before COVID. We have also had a number of equally devastating economic shocks such as the global recession in the 1970s, military coups, the Asian crisis of 1997 and the combination of the 2006 coup, international sanctions and the 2007 global financial crisis. The r…