High public debt and an inefficient judiciary characterise Sao Tomé e Príncipe (STP). Although the economy was negatively impacted by the Coronavirus (COVID-19) pandemic, adversely affecting tourism and commodity exports, recovery is forecast to outpace peers. The population is growing rapidly, but the consumer market is very small. However, a young populace is unlikely to pressurise state resources. Internet use and mobile subscriptions are rising, but 4G rollout is delayed by officialdom.
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