Macro - Country Economic Forecasts - Tonga

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $185	1 Pages	Oxford Economics	November, 2024	OFE19321892

Best Price Guarantee
Price	from $185
Length	1 Pages
Publisher	Oxford Economics
Published Date	November, 2024
SKU	OFE19321892

Macro - Country Economic Forecasts - Tonga

We revised our FY2024 – starting 1 July 2024 – GDP forecast for Tonga down by 0.44ppts to 1.81% growth as current activity estimates do not point towards a strong post-disaster and post-Covid rebound. Weak agricultural production is the main drag on growth, with unfavourable El Niño weather conditions exacerbated by climate change affecting harvests. The higher price of core food crops with the lingering effects of the 2022 Hunga Tonga‒Hunga Ha’apai volcanic eruption and tsunami weigh on consumer confidence.

Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.