The Angolan government expects to close this year with a public debt to GDP ratio of 61%, highlighting the fall in this indicator, which in 2020 "was above 130% and 80% in 2021". "As I speak, we have a debt to GDP ratio of less than 70%. We are in fact...
This decline in GDP follows the one that occurred between April and June, of 4.1%, thus being the second consecutive quarterly decline. This economic performance comes as the Russian Federation is subject to sanctions for invading and militarily attacking Ukraine. In total, the Russian economy is subject to 12,739 sanctions measures, if one adds the restrictions...
The government expects that the extractive industries will have the largest contribution to the growth of Gross Domestic Product (GDP) in 2023, according to the draft State Budget sent to parliament. In the average of 14 sectors, the Government expects the Mozambican economy to grow 5% next year, with the largest contribution in the...
The Commerce Department confirmed today that the US economy fell 0.6%, on an annualized basis, in the second quarter of this year, in the third and final estimate of the evolution of the Gross Domestic Product (GDP). The second estimate, released in August, had already indicated this contraction of 0.61 QoQ. The retreat between April and June follows another...
The Russian government estimates that the Russian economy will contract by 2.9% this year and by 0.9% in 2023 due to Western sanctions, Economic Development Minister Maxim Reshetnikov indicated today. "The Russian economy is adequately coping with the pressure of sanctions. We expect a 2.9% setback in GDP [gross domestic product]...
The gross domestic product (GDP) of the world's leading economies grew by 0.3% quarter-on-quarter in the second quarter, maintaining the pace of the previous quarter, according to provisional estimates advanced today by the Organization for Economic Cooperation and Development (OECD). "In the second quarter 2022, gross domestic product (GDP) in the OECD increased by 0.3% quarter-on-quarter,...
U.S. gross domestic product (GDP) contracted by 0.6% in the second quarter on an annualized basis, less than had been initially announced, the Commerce Department indicated today in a second estimate. In the first estimate, released in late July, the April-June GDP contraction was 0.9%. O...
Standard Bank's chief economist said today that it is unlikely that there will be a significant reduction in Mozambique's public debt to GDP ratio until near the end of the decade, damaging investment. "It is unlikely that there will be a substantial reduction in Mozambique's debt to gross domestic product (GDP) ratio...
Angola's Gross Domestic Product (GDP) grew by 2.6% in the 1st quarter of 2022, compared to the same period the previous year, with the oil sector performing positively for the first time since the first quarter of 2016, writes Notícias ao Minuto. According to data released by Angola's National Statistics Institute (INE), Oil 1.9%, the Value...
The Government foresees, for next year, a 2% growth in the manufacturing sector and a double digit contribution to the Gross Domestic Product (GDP), in 2030. The figures were advanced today in Maputo by the permanent secretary of the Ministry of Industry and Trade (MIC), Jorge Jairoce, during the first Energy and Industry Summit of Mozambique. Quoted by the newspaper...