Washington DC - The International Monetary Fund (IMF) has predicted 2.9% growth for Angola this year, 0.2 percentage points more than the forecasts of the Angolan Executive, estimated at 2.7%.
IMF’s forecast is expressed in the World Economic Outlook report, published Wednesday, as part of the annual meetings of the Bretton Woods, World Bank (WB) and IMF institutions, held in Washington (USA).
IMF’s growth prospects of Angola's Gross Domestic Product (GDP) for 2023 is of 3.4%, with an average increase of 3.9% until 2027.
The World GDP, according to the document, is expected to grow by 3.2% in 2022, but in 2023 it will drop to 2.7%, slowing the growth of the global economy to an average of 2.2% between 2020 and 2023.
For the global economy, an average positive growth of 3.3% is forecast between 2024/2027.
The IMF also expects a slowdown in world trade. If this year growth stands at 4.3%, next year it will be 2.5%, which impacts the average for the period 2020/2023, of 2.1% .
This scenario is caused, in general, by the lingering effects of Covid-19, the war in Ukraine and other overlapping crises, which have led to a spike in the prices of food, fertilizers and energy.
The IMF warns that this is the time to be credible, plan and implement policies.
The institutions of "Bretton Woods" have praised the actions of the Angolan Executive.
