Gold to support Suriname’s growth over coming quarters

• The Surinamese economy will grow over the coming quarters, driven by gold production. Exports and royalties derived from gold will feed through to stronger consumption and easier credit conditions.
• Fitch forecasts real GDP growth of 1.3% YoY in 2019 and 1.8% in 2020. The economy's dependency on gold and other minerals undermines Suriname's long-term growth outlook and generates substantial risks from external shocks.
• The fiscal deficit will narrow gradually over the next decade, although downside risks remain significant, particularly as the government has taken limited steps to contain spending.

(Source: Fitch)