The Mozambican economy has continued to lose steam during the year, owing to the fall in commodities prices in international markets.
The implementation of the African Continental Free Trade Area (AfCFTA), which includes the Portuguese-Speaking countries, enhances the attractiveness of the continent for industrial investment from China, according to Jeremy Stevens, chief economist of the South African Standard Bank responsible for China.
Angola’s economy has been undergoing a prolonged recession since 2014, with oil production declining and oil prices subdued. Not only is the recession expected by independent analysts to continue, but now Angola’s second export – diamonds – is also taking a hit.
Cabo Verde's 2020 State Budget (OE), approved on 29 November, forecasts an acceleration of economic growth and a continuation of the fall in the country's high debt burden, one of the main weaknesses of the Cape Verdean economy.
