Economic outlook for Angola, Cape Verde and Mozambique improves

The World Bank has revised its economic growth forecasts for Angola, Cape Verde and Mozambique in 2019 and 2020, contrary to what happened with Guinea Bissau.

In the 2019 Global Economic Forecasts, released last week, the World Bank confirms that 2018 was the third consecutive year of contraction for the Angolan economy, with a 1.8% drop in activity, a performance 3.5 percentage points lower than previously foreseen.

However, the World Bank raises the forecasts for Angolan GDP growth in 2019 (2.9%, plus 0.7 percentage points than previously forecast) and in 2020 (2.8%, plus 0.2 percentage points).

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