Economic growth expected to drop to 2.4 per cent

Cook Islands’ economic growth is expected to plummet to an average of 2.4 per cent over the next four years, estimates the Ministry of Finance and Economic Management. According to a report in the 2019/20 Half-Year Economic and Fiscal Update, the downturn is due to the capacity constraints experienced by the economy.

Cook Islands’ economic growth is expected to plummet to an average of 2.4 per cent over the next four years, estimates the Ministry of Finance and Economic Management. According to a report in the 2019/20 Half-Year Economic and Fiscal Update, the downturn is due to the capacity constraints experienced by the economy.