Financial Crime World

Risk Assessment for Financial Institutions in Timor-Leste: Economy Expected to Accelerate Despite Global Headwinds

======================================================

A new report by BMI Research expects Timor-Leste’s economy to accelerate to 2.7% in 2024, up from 1.8% in 2023, despite elevated geopolitical risks in the Middle East and waning oil production in the country.

Economic Outlook

According to the report, global oil prices are expected to fall by 16% in 2023, from USD99.0 per barrel in 2022 to USD83.0 per barrel, before rising by 1.2% to USD84.0 per barrel in 2024. This decline is expected to lead to slowing growth in the oil sector, from an estimated 0.9% in 2022 to 0.3% in 2023.

Key Findings

  • Timor-Leste’s economy is expected to accelerate to 2.7% in 2024, up from 1.8% in 2023.
  • Global oil prices are expected to fall by 16% in 2023 and rise by 1.2% in 2024.
  • The slowing growth in the oil sector is expected to have a modest impact on the economy.

Report Highlights

The report provides comprehensive data and analysis of political, financial, and economic risk for Timor-Leste, including:

BMI’s Core Views

  • In-depth analysis of the country’s political, financial, and economic risks

10-Year Forecasts

  • Macroeconomic forecasts for the next decade

Economic Risk Index

  • Assessment of the country’s economic risk profile

Political Stability and Risk Index

  • Analysis of the country’s political stability and risk profile

Long-term Political Outlook

  • Exploration of possible scenarios for change in the country’s political landscape

SWOT Analysis

  • Strengths, weaknesses, opportunities, and threats analysis of the country’s economy

Structural Economic Sections

  • Detailed analysis of the country’s economic structure

Benefits for Financial Institutions

Financial institutions can benefit from the report’s in-depth analysis to understand and measure political, business environment, and operational risks to their company. The report also provides insight into emerging trends that could support or disrupt activities in the market.

Risk Assessment

  • Gain a better understanding of the risks and opportunities in Timor-Leste
  • Make informed decisions about investments and operations in the country

By purchasing this report, financial institutions can gain trusted data to inform risk assessments and strategic decisions.