AS the country navigates a politically charged landscape ahead of the May 2025 mid-term elections, the implications of sustained domestic conflicts are becoming increasingly pronounced.
Recent insights from Fitch Ratings underscore a troubling reality: the intertwining of political strife and economic performance could significantly hamper the country’s growth trajectory and fiscal health.Fitch projects a modest GDP growth of 5.7 percent for this year, with slightly optimistic figures of 5.9 percent and 6.2 percent for the following years. These projections fall short of the Development Budget Coordination Committee’s targets of 6.
Fitch’s observations on inflation further complicate the economic outlook. While the firm anticipates an average inflation rate of 3.2 percent this year, the potential for external pressures—such as the anticipated return of protectionist policies under a Trump administration—adds a layer of uncertainty.
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