• Economic News Updates

    Economic News Updates

    For each market we cover, OBG produces regular economic research available on our website, by email subscription and via RSS feed. Free to access, our Economic Updates are targeted at those looking for regular comment on key sector developments.

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PNG YER

Falling energy and mineral prices ramped up pressure on Papua New Guinea’s economy in 2015, prompting a reduction in state spending that is expected to continue into the new year as the government looks to return the budget to a surplus. 

PNG tourism

A rise in historical battlefield tourism across a variety of international destinations has shone a spotlight on a key niche market with potential for Papua New Guinea, as the country begins preparations for a series of events commemorating the 75th anniversary of strategic battles fought during the Second World War.

PNG tuna

A regulatory overhaul is paving the way for Papua New Guinea to focus on developing the processing side of its fisheries industry, supporting the country’s plans to become a major downstream player in the global tuna market. 

PNG econ

Falling commodity prices and a slowing economy will cut into Papua New Guinea’s national revenue this year, although with growth levels forecast at 10% or more, the impact of any downturn may be softer than expected.

PNG aviation

The aviation sector in Papua New Guinea is set for a major shake up, with government plans to privatise a stake in the national flag carrier later this year. 

PNG sport

Having just hosted the 15th annual Pacific Games, which ended this month, Papua New Guinea is hoping to build on that success to set itself up as a regional venue for international sporting and political events.