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Country Report eSwatini 3rd Quarter

  • ID: 5129926
  • Country Profile
  • July 2020
  • Region: Eswatini
  • The Economist Intelligence Unit
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Although the survival of the country's monarchy is not in doubt, a severe economic contraction will exacerbate widespread dissatisfaction with the lack of political reform. This will manifest itself in strikes, protests and low-level violent unrest.

The fiscal deficit will widen to 8.6% of GDP in 2020 (from an estimated 5.9% in 2019) as government revenue collapses and spending stays high. The shortfall will then narrow to 6.1% of GDP in 2021 as revenue growth outpaces rising spending.

Real GDP is expected to contract by 5.6% in 2020, following growth of 2% in 2019, owing to the global economic contraction arising from the coronavirus (Covid-19) pandemic. A recovery in South Africa in 2021 will return eSwatini to growth, averaging 0.9% that year.
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Country Report eSwatini 3rd Quarter

Briefing sheet
Political and economic outlook
Key changes since April 8th
The quarter ahead

Basic data
Land area
Main towns
Weather in Mbabane (altitude 1,163 metres)
Fiscal year
Public holidays

Political structure
Official name
Form of state
Legal system
National legislature
National elections
Head of state
National government
Political parties
The government
Key ministers
Central bank governor

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Economic structure: Comparative economic indicators

Outlook for 2020-21: Political stability

Outlook for 2020-21: Election watch

Outlook for 2020-21: International relations

Outlook for 2020-21: Policy trends

Outlook for 2020-21: Fiscal policy

Outlook for 2020-21: Monetary policy

Outlook for 2020-21: International assumptions

Outlook for 2020-21: Economic growth
The impact of the coronavirus: global and regional assumptions
Economic growth

Outlook for 2020-21: Inflation

Outlook for 2020-21: Exchange rates

Outlook for 2020-21: External sector

Outlook for 2020-21: Forecast summary
Note: Product cover images may vary from those shown