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 Economic Insights Pty Ltd

The overall growth performance in the Pacific improved in 2007 with annual growth increasing to around 3 per cent compared to an average of about 2.2 per cent for the 2002-2005 period (Table 1). Vanuatu, Palau, Solomon Islands and Papua New Guinea grew at above average rates in 2007. Economic growth picked up in Fiji in 2006 but declined in 2007 following the coup in early December 2006. The Cook Islands, Marshall Islands and Samoa also experienced a pick up in growth.