High and stable economic growth to continue in Cape Verde

29 May 2012

Cape Verde is expected to continue on its trajectory of high and stable economic growth but the “poor quality of its infrastructure,” may lead to performance problems, according to the Economic Outlook for Africa 2012 report published Monday in Arusha, Tanzania.

The document projects real Gross Domestic Product (GDP) growth of 5.1 percent this year, after 5.0 percent in 2011, and a drop in inflation from 4.5 percent to 3.3 percent. It also praises the archipelago for being one of the few countries in Africa that will meet the eight Millennium Development Goals.”

The report, which was produced by the ADB, the Organisation for Economic Cooperation and Development (OECD), by the United Nations Economic Commission for Africa (UNECA) and by the United Nations Programme for Development (UNPAD), was issued at the start of the annual meeting of the ADB in Arusha, Tanzania. (macauhub)