Central Bank of Sao Tome - Annual Report 2005
Sao Tome's economy grew by 3.8% in 2005, the same amount as in 2004.
The government managed to reduce the budget deficit to 42% of GDP, from 50% the previous year. The central bank said that the reduction was a result of curbing expenditure and imposing budgetary restrictions.
Worryingly, inflation rose from 15.2% in 2004 to 17.2% the next year.
To read the report (available in Portuguese only), click here
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