Analysis by Region - Emerging Markets - Comoros

Analysis by Region - Emerging Markets - Comoros

Real GDP growth is expected to reach 3.5% in 2023. We expect real investments to be the key driver of real GDP growth over the short- to medium term after the International Monetary Fund released funding to the island nation under an Extended Credit Facility arrangement. We have lowered our expectations for the Comorian economy's performance over the 2024-2028 period: we now forecast real GDP growth of 2.9% p.a. instead of the 3.1% previously hoped. The IMF still projects a more positive 4.1% annual expansion over the same period. Given the import-dependence of the country, a steep import bill will continue to weigh on real GDP growth.