Gabon’s ruling circle will emphasise stability
Monday, December 24, 2018
Significance
The president is currently in Morocco recuperating from a suspected stroke he suffered in Saudi Arabia in October. While the authorities insist Bongo is making a full recovery, speculation over his condition persists.
Impacts
- While growth of 3.1% is estimated for 2019, uncertainty surrounding Bongo's health could undermine investor sentiment.
- Economic and social pressures are likely to increase, raising the possibility of widespread strikes and protests.
- The resignation of the government and formation of a new one, to be approved by the president, could be subject to additional hold-ups.