LUSA 10/15/2025

Lusa - Business News - Angola: FMI lowers growth forecast from 2.4% to 2.1% this year

Washington, Oct. 14, 2025 (Lusa) - The International Monetary Fund (IMF) has lowered its forecast for Angola's economy to 2.1% this year, the same as for 2026, and has raised its previous growth estimate for sub-Saharan Africa to 4.1%.

According to the report on the World Economic Outlook, released today as part of the Annual Meetings of the IMF and the World Bank, this Lusophone African economy will grow by 2.1% this year (the previous forecast was 2.4%) and next year, accelerating to 3.1% in 2030, but still below the average for the region, which is expected to expand by 4.1% and 4.4% in 2025 and 2026.

"In sub-Saharan Africa, growth is expected to remain moderate, remaining unchanged in 2025 from the 4.1% recorded in 2024, before accelerating to 4.4% in 2026," reads the document, which only marginally touches on the economies of sub-Saharan Africa, as this analysis is reserved for the regional economic outlook on the region, which will be released on Thursday.

The figures presented today for sub-Saharan Africa, the region where most Portuguese-speaking countries are located, show "an upward revision compared to the April 2025 forecast, with a cumulative increase of 0.5 percentage points", according to the report.

Looking at the tables with forecasts for the main economic indicators of the Portuguese-speaking African Countries (PALOP), the picture is mixed, with Cabo Verde and Equatorial Guinea showing improved forecasts. However, in the latter case the improvement is not enough to pull the country out of economic recession.

Angola and São Tomé and Príncipe, on the other hand, have worse forecasts, while for Guinea-Bissau and Mozambique, the GDP growth forecast is maintained.

Angola is expected to grow by 2.1% this year, while in April the IMF forecast growth of 2.4%, and Sao Tome and Principe has seen its growth revised downwards, from 3.1% to 2.9%.

Cabo Verde is expected to expand by 5.2% this year, up from the 5% predicted in April, and Equatorial Guinea is expected to have a smaller recession, as the IMF had predicted a 4.2% fall in GDP and now predicts a 1.6% fall this year.

Finally, for Guinea-Bissau and Mozambique, the Fund's economists maintain their April forecasts for economic growth this year at 5.1% and 2.5% respectively.

YEAR 2025..................GDP.......INFLATIONANGOLA............ ........2.1.........21.6CABO VERDE.................5.2 .........1.5GUINEA-BISSAU..............5.1..........2.0EQUATORIAL GUINEA.........-1.6..........2.9MOZAMBIQUE.......... ......2.5 .........4.9SAO TOME AND PRINCIPE......2.9..........9.7 SOURCE: World Economic Outlook, October 2025YEAR 2025..................GDP.......INFLATIONANGOLA....................2.4.........22.0CABO VERDE................5.0..........1.5GUINEA-BISSAU.............5.1..........2.0EQUATORIAL GUINEA........-4.2..........4.0MOZAMBIQUE................2.5..........4.9SAO TOME AND PRINCIPE.....3.1..........9.6SOURCE: World Economic Outlook, April 2025

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