Looking ahead, PNG’s macroeconomic outlook for 2024 looks positive with good growth projections and increased government spending and private sector activity in key resource projects. But without ...

And the investment stage of such a project could start injecting cash into the economy by the time of the 2017 election. But such resource tax concessions are part of the reason for PNG’s current ...

While Papua New Guinea’s economic growth rebounded in 2019, global and domestic economic uncertainties loom, affecting economic prospects. Real GDP growth recovered to 5.6 percent in 2019 (from -0.8 ...

PNG has faced a budget crunch 20 times worse than Australia but that might just be the beginning of the challenges. Here's why it matters to Australia.

The economy in Papua New Guinea is forecast to expand by four percent in 2022, up from one percent in the previous year, according to the latest World Bank Economic Update, released today. This return ...

PNG continues to supply liquefied natural gas to the Chinese market, and an increasing number of affordable, good quality Chinese products are entering the PNG market. Second is people-to-people ...

This is consistent with the Federal Reserve’s report on economic well-being for 2022 (published in 2023), which shows a much higher percentage of Americans assessed their local economy as good ...

Proponents of PNG LNP, an ExxonMobil-led natural gas project in Papua New Guinea, predicted it would bring massive economic benefits to landowners and to the country as a whole. According to two ...

The Bad Vibes Around a Good Economy Unemployment is low and people are still spending. But that doesn’t mean they think things are going well. 2023-11-30T06:00:13-05:00.