The International Monetary Fund (IMF) predicts that the Mozambican economy will grow faster this year, in line with the Portuguese-speaking African countries (PALOP), and could reach 5 per cent.
According to the World Economic Outlook report, published by Lusa, the country’s growth will be higher than that forecast for Cape Verde (4.7 per cent) and São Tomé and Príncipe (2.9 per cent).
“Angola is expected to expand by 2.6 per cent this year, after recording growth of 0.5 per cent last year, and may accelerate to 3.1 per cent in 2025, while Equatorial Guinea will record slight growth of 0.5 per cent this year, after contracting by 5.9 per cent last year, and will return to the ‘red’ in 2025, with an expected recession of 4.6 per cent,” explains the document.
According to the IMF, growth in sub-Saharan Africa should increase from the 3.4 per cent forecast in 2023 to 3.8 per cent in 2024 and 4 per cent in 2025, with the negative effects of climate shocks continuing and problems in supply chains gradually improving.
On a global level, the monetary organisation sees global growth at 3.2 per cent this year, a rate it expects to maintain for next year.
