Government reaffirms growth target of 7% despite IMF forecasting an average of 4.1% by 2021


Praia, Oct 12 (Inforpress) – The Minister of Economy and Employment José Gonçalves Wednesday reaffirmed the goal of economic growth of 7% by the end of his term, contrary to the IMF’s forecasts that the country will grow to 4,1% over the next five years.

According to the October edition of the World Economic Outlook, released on Tuesday, 10, and quoted by online Santiago Magazine, Cabo Verde’s Gross Domestic Product (GDP) in 2017 will be 4%, plus 0.1 percentage point compared to 2016.

This International Monetary Fund (IMF) document also forecasts that the Cape Verdean economy is expected to grow 4.1% per year over the next five years, that is, until 2021.

Faced with this information, the Minister José Gonçalves said that by 2021, when the legislature ends, there are unpredictable and he stressed that the Executive will work to comply what is in the Government’s program that consists of reaching 7% in terms of economic growth.



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