{"title":"sao tome和principe","authors":"H. Fleischhacker","doi":"10.1093/0198296452.003.0041","DOIUrl":null,"url":null,"abstract":"STP has faced severe macroeconomic imbalances. Growth stagnated amid successive shocks, most recently the impact of Russia’s invasion of Ukraine, and recurrent energy crisis. Inflation spiked to 25 percent as a monetary-financed fiscal deficit depleted foreign reserves. Measures to restore macroeconomic stability included ceasing monetary financing and adjusting fuel prices. Delayed implementation of structural reforms and an uncertain global environment poses risks to outlook. Key conditions and challenges","PeriodicalId":153633,"journal":{"name":"Africa Yearbook Volume 17","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1999-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"14","resultStr":"{\"title\":\"São Tomé and Príncipe\",\"authors\":\"H. Fleischhacker\",\"doi\":\"10.1093/0198296452.003.0041\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"STP has faced severe macroeconomic imbalances. Growth stagnated amid successive shocks, most recently the impact of Russia’s invasion of Ukraine, and recurrent energy crisis. Inflation spiked to 25 percent as a monetary-financed fiscal deficit depleted foreign reserves. Measures to restore macroeconomic stability included ceasing monetary financing and adjusting fuel prices. Delayed implementation of structural reforms and an uncertain global environment poses risks to outlook. Key conditions and challenges\",\"PeriodicalId\":153633,\"journal\":{\"name\":\"Africa Yearbook Volume 17\",\"volume\":\"14 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1999-07-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"14\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Africa Yearbook Volume 17\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1093/0198296452.003.0041\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Africa Yearbook Volume 17","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/0198296452.003.0041","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
STP has faced severe macroeconomic imbalances. Growth stagnated amid successive shocks, most recently the impact of Russia’s invasion of Ukraine, and recurrent energy crisis. Inflation spiked to 25 percent as a monetary-financed fiscal deficit depleted foreign reserves. Measures to restore macroeconomic stability included ceasing monetary financing and adjusting fuel prices. Delayed implementation of structural reforms and an uncertain global environment poses risks to outlook. Key conditions and challenges
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