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Pacific economies to grow 4.1% in 2025, slowed by climate and trade pressures in 2026.
The Asian Development Bank forecasts 4.1% growth for Pacific economies in 2025, up from 3.9% earlier, driven by strong mineral exports from Papua New Guinea, especially gold and liquefied natural gas.
Growth is expected to slow to 3.4% in 2026 due to indirect trade pressures and climate-related disruptions affecting agriculture and fisheries.
Remittances to Fiji rose 11.5% in early 2025, with little impact from U.S. policies as most funds flow to Australia and New Zealand.
Challenges remain, including tourism declines in Samoa, infrastructure delays in Vanuatu, and capacity constraints in smaller island nations.
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Las economías del Pacífico crecerán un 4.1% en 2025, desaceleradas por las presiones climáticas y comerciales en 2026.