{
    "success": true,
    "data": {
        "id": 1734994,
        "msgid": "world-bank-warns-pacific-economic-growth-to-slow-to-2-8-percent-1778608537",
        "date": "2026-05-12 20:51:31",
        "title": "World Bank warns Pacific economic growth to slow to 2.8 percent",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The World Bank has cautioned that economic growth in the Pacific region is projected to decelerate to around 2.8 percent in 2026, driven by rising fuel and shipping costs, ongoing supply chain disruptions, and resurgent global uncertainties. These repeated external shocks have become the \"new normal,\" increasingly burdening governments, businesses, and households across the region, with persistent fuel market issues posing risks to growth over the next six to nine months. The report highlights weakening fiscal buffers and urges stronger public financial management and targeted support for vulnerable households, while advising against broad subsidies that could further strain limited fiscal space.",
        "content": "<p>Fiji (ANTARA) - The World Bank has warned that economic growth in the\nPacific will slow to around 2.8 percent in 2026. Rising fuel and\nshipping costs, ongoing supply chain disruptions, and renewed global\nuncertainties continue to weigh on economies across the Pacific region.\nThe report warns that repeated external shocks have become the \u201cnew\nnormal\u201d in the region, increasingly burdening governments, businesses,\nand households throughout the Pacific, according to the Fiji\nBroadcasting Corporation on Tuesday (12\/5). Pacific countries remain\nhighly vulnerable to fuel price volatility. Oil imports account for\nabout 15 to 25 percent of total goods imports in many countries in the\nregion. The World Bank states that persistent disruptions in fuel and\nshipping markets could further hinder economic growth in the next six to\nnine months. The report also highlights growing concerns over weakening\nfiscal buffers, as successive shocks exert ongoing pressure on\ngovernment finances. The World Bank calls for stronger public financial\nmanagement and targeted support for vulnerable households, while warning\nagainst implementing broad subsidies that could place further pressure\non limited fiscal space.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/world-bank-warns-pacific-economic-growth-to-slow-to-2-8-percent-1778608537",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}