Macro - Country Economic Forecasts - East Timor

Macro - Country Economic Forecasts - East Timor

We think East Timor's real GDP will grow 3.9% this year and 3.5% in 2024. The economy will likely continue its robust post-pandemic recovery path, primarily driven by government spending. Real non-oil economic growth is on track to recover to pre-pandemic levels and the final oil exports extracted from the Bayu-Undan oil field will support growth in the short term.