According to the World Economic Forecast, released this Tuesday as part of the IMF and World Bank Annual Meetings taking place this week, Mozambique's economic growth for this year is estimated at 2.5%.

Similarly to the Mozambican economy, the IMF also foresees economic growth in Guinea-Bissau, with 3.3% and São Tomé and Príncipe, with 2.1%. Angola will be the only Lusophone country that will remain in recession.

According to the IMF São Tomé and Príncipe grew by 3% last year, unlike all Lusophone economies, and estimates an expansion of 2.1% and 2.9% for this and next year.

Sub-Saharan Africa saw its growth estimate improved by 0.3 points this year and also worsened by 0.3 points from the July forecast update, meaning that the recovery will be slower than initially forecast.

If forecasts are confirmed, this region that encompasses most of the Lusophone countries is expected to accelerate in 2022 from the growth of 2019, a year in which it experienced a 3.1% expansion, followed by a ,17% recession last year because of the effects of the covid-19 pandemic.

Lusa Agency