El Nino crisis pressures PNG's sectors, prompting IMF to project 3% growth amid global conflict impacts.
1 report, 1 independent
Updated Sep 1
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What happened
El Nino crisis pressures PNG's sectors, prompting IMF to project 3% growth amid global conflict impacts.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Bank of Papua New Guinea governor provided economic forecasts, noting that El Nino is negatively affecting the economic outlook and inflation in PNG.Sub-event
PNG faces El Nino pressures while IMF projects growth amid global conflict costs.1 source
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The entities involved
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Bank of Papua New Guinea
Central Bank of Papua New Guinea
Nothing else this week.
- El Nino
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International Monetary Fund
international financial institution
Related events
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- The ongoing conflict in West Asia is causing economic fallout, driving up fertilizer prices and yield uncertainty, compounded by El Nino persistence.
- Central Papua is experiencing crop failures and food shortages due to the influence of El Nino.