The Global Uncertainties and Structural Weaknesses of the Sao Tome Economy*

*Osíris Fernandes de Jesus Costa
São Tomé and Príncipe (STP) faces challenges that are typical to Small Island Developing States (SIDS) and that affect their ability to deal with shocks. These adverse events always generate significant budgetary imbalances, and force the authorities to adopt fiscal restraint measures in the medium term, which penalizes growth and employment.