Economy

ETIQUETTE: “For every village a different culture” is the expression that best describes the social norms, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm smile. The salutation monin tru (a very good morning) is considered the polite early-day greeting.

AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Boroko, NCD T: +675 324 5200 / 7373 2600 F: +675 325 0759 reservations@airways.com.pg www.airways.com.pg Rooms: 49 Fountain rooms, 40 Bacchus rooms, 24 Dakota suites and one presidential suite. Business & Conference Facilities: Business centre, five boardrooms, secretarial services, computers...

Efforts to increase public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on somewhat-unpredictable extractive industries. These were affected in the first half of 2018 by an earthquake in February, and recovered in the second half when international commodities prices rose. Recovery in...

Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volumes grew by 3% in 2018 and are expected to decline slightly to 2.6% in 2019 before rebounding to 3% in 2020. This may be the first time since the 2007-08 global financial crisis that growth will fall below a 3%...