Equatorial Guinea, Cabo Verde and Portugal lead GDP growth in 2022 among lusophone countries

 

Equatorial Guinea, Cabo Verde and Portugal will lead GDP growth in 2022 among lusophone countries, according to the International Monetary Fund (IMF).

Equatorial Guinea, African oil-producer which is the newest member of the Macau Forum (pictured above) is expected to grow 6.1% this year, recovering from a GDP drop of 3.5% last year, but is expected to go back into negative figures next year (2.9%), according to the newly-released IMF´s Regional Economic Forecasts,

Cabo Verde is predicted by the IMF to grow 5.2% this year and accelerate to 5.8% next year. Guinea-Bissau is should grow 3.8%, Angola 3%, Mozambique 2,7% and São Tomé e Príncipe 1.6%. In this group, all are expected to accelarate in 2023.

Equatorial Guinea to become Forum Macao’s 10th member nation

Portugal will grow 4% this year, according to the IMF, which is now more pessimistic on European economies in general, due to the conflict in Ukraine.

Previously, the IMF predicted a 5.1 % growth for Portugal, which is recovering from an acute drop because of the covid-19 pandemic in 2020.

Regarding inflation, the IMF now points to 4% this year, a sharp upward revision from the 1.3% previously expected.

Slowdown in Chinese Economy to Drag Brazil GDP, Central Bank Says

The IMF slightly improved the forecast of economic growth in Brazil to 0.8% and estimated that the Portuguese-speaking economic giant will have an inflation of 8.2% this year.

According to the World Economic Forecasts, in 2023 Brazil is expected to grow 1.4%, far below the 4.6% in 2021.

 

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