Analysis by Region - Emerging Markets - Sao Tome and Principe

Analysis by Region - Emerging Markets - Sao Tome and Principe

Real GDP growth is projected to reach 2.1% in 2023, driven by a further recovery in the tourism sector, increased business activity, and continued support from the IMF. More specifically, we expect foreign investors to take advantage of the new business opportunities that have emerged from the increase in fixed investment and believe that the country's Extended Credit Facility (ECF) programme with the IMF will help improve its macroeconomic fundamentals. Potential risks to our outlook include adverse weather conditions, unfavourable commodity price movements, and a more severe global economic slowdown.