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GLOBAL ECONOMICS

Sao Tome and Principe

25 April 2013Moderate growth expected until 2015, when start of oil production should dramatically boost the economy and curb external deficit
29 October 2012Public construction projects to drive GDP growth of about 5.5% this year, and IMF facility will help structural reform before oil production starts in 2015
19 March 2012Solid GDP growth expected for the coming years as oil-related investment helps to offset weaker demand from Europe
6 April 2010Aid inflows supported growth of 4.5% in 2009, and growth outlook improving despite failure so far to locate commercially viable oil supplies
22 July 2009Continued FDI inflows help to offset downturn in exports and tourism, so GDP growth seen holding around 5.5% this year
25 November 2008Lower cocoa prices and tourism to curb growth next year as current account deficit remains at 30% of GDP
6 February 2008Solid growth in 2007, helped by reforms, FDI and tourism. Medium-term outlook dependent on success of oil sector
2 July 2007Growth accelerating as oil-related investment flows in, but current account deficit surges on high imports
17 January 2007Already buoyant growth to be sustained by oil sector investment, but inflation stays high
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