The government forecasts that the country will achieve next year a gross domestic product growth of 2.9%, and a $5 billion in exports
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Mozambique and Angola with debt over 100%
The International Monetary Fund (IMF) said today that Mozambican and Angolan public debt will remain above 100% of GDP this year, with Mozambique remaining above that level also in 2022. According to the "Fiscal Monitor", presented today in Washington by the director of the fiscal affairs department and former finance minister...
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October 13, 2021October 13, 2021Latest, Economy, Real Estate, World
Worldwide real estate market grows 5% by 2020
The market holds a value almost 4 times the world's GDP and that its growth was driven by the residential segment, accounting for 79% of the total value, reveals the latest report from consulting firm Savills. The consultancy says that this growth in the value of the property market has been driven by the residential segment, which has performed as...
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October 7, 2021November 9, 2021Economy
Sub-Saharan Africa's GDP to grow by 3.3% this year and 3.5% in 2022
A World Bank (WB) report published on Wednesday indicates that the sub-Saharan African economy will grow 3.3% this year and 3.5% in 2022. This boost will come from rising commodity prices, lifting of some anti-covid restrictions, and a pickup in trade around the world. The WB report states that the...
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Mozambique wants equitable access to Covid-19 vaccines
The Minister of Foreign Affairs and Cooperation, Verónica Macamo said at the United Nations headquarters that Mozambique has been facing difficulties to access more vaccines against Covid-19. Verónica Macamo, who was speaking during the 76th session of the UN General Assembly, which ended on Monday, recalled the role of the private sector and international partners in the...
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World Bank forecasts average growth of 5.1% for Cape Verde
According to a World Bank (WB) report, the Cape Verdean economy may reach an average growth of 5.1% between 2021 and 2023. The fact is due, advances the report, to the recovery of tourism flows in the last quarter. The WB report says that Cape Verde will "gradually begin to recover" from the effects of the pandemic, which "put...
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Fitch Solutions Forecasts Mozambique's Economic Growth at 4.4% next year
The consulting firm Fitch Solutions estimated on Monday that Mozambique's economy will accelerate to 4.41 qt2 in 2022, after a growth of 2.81 qt2 this year, recovering from last year's 1.31 qt2 Gross Domestic Product (GDP) recession
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IMF: "Lusophone countries all together would be the 10th largest economy in the world
The nine Portuguese-speaking countries would be the tenth largest economy in the world, worth $1.8 trillion, below Canada and above South Korea, in a list led by the United States
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June 1, 2021June 1, 2021Economy
"National GDP Grows 0.12% in First Quarter" - INE
Mozambique's Gross Domestic Product (GDP) grew again in the first three months of this year, up 0.12% compared to the same period in 2020
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May 27, 2021May 27, 2021Economy
"Economy will grow moderately in the second quarter" - Bank of Mozambique
The Bank of Mozambique (BM) considers that the Gross Domestic Product (GDP) should grow moderately in this second quarter of the year