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Timorese central bank forecasts slower growth in 2023

The Central Bank of East Timor (BCTL) expects the Timorese economy to have positive growth this year, but lower than the 4% registered last year, indicates the annual report of the Timorese regulatory institution released today.

For 2023, the central bank has projected quite positive economic growth mainly due to an expected slowdown in the contribution of domestic demand growth this year "compared to that observed in 2022," said the institution's governor, Abraão Vasconselos, in the introductory note to the 2022 report.

"Consequently, it is important to emphasize the positive and greater contribution that the external sector will . . .

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