In its Pacific Economic and Market Insight Quarter 2 of 2021 Report, it shows that a 4.2 percent economic growth is expected by 2022, as Papua New Guinea continues to recover from COVID-19 pandemic.
The report highlights that the recent surge in COVID-19 cases poses a threat to the expected economic growth of 3.5 percent for this year.
In addition, the report stated that the reopening of the Porgera Gold Mine now sets the path for all stakeholders’ partnership for the next 10 years, especially copper and oil; two of PNG’s major exports are at multi year highs.