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The Seychelles’ economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Central Bank of Seychelles (CBS) does not have an explicit inflation target and its transition to an inflation-targeting regime is still in progress. The Government of the Seychelles has followed prudent fiscal policy by raising government spending during economic downturn and decreasing public spending during economic recovery. The Seychelles’ external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 and the higher commodity prices in the aftermath of the Russia-Ukraine conflict. The Seychelles is scheduled to hold its national elections in 2025. The Seychelles' political landscape remained relatively stable, despite ongoing internal tensions within the ruling SNP and continued opposition criticism. Read more accurate and balanced analysis of the political economy in Seychelles here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-seychelles-1h2023-24/.
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