The switch, while potentially risky, could yield significant benefits to the southern African country, IMF officials argue.
IMF
IMF predicts marginal economic improvements for other Portuguese-speaking countries, forecasts 8.2% inflation for Brazil.
Analysts point to growth in non-oil sector showing clear signs of recovery, likely to contribute to country’s economic growth over medium to long-term.
Economy expected to accelerate to 23% in 2023, growth not expected to surpass pre-pandemic levels until 2025.
Report concludes Macao needs to build a stronger economy with new growth engines through economic diversification.
Official study suggests new system would only be feasible once the economy recovers from the effects of Covid-19 pandemic.
Angola set for another drop as IMF paints gloomy outlook for world’s economies crippled by pandemic.
Outlook much healthier for next year, with growth forecast to top 37 per cent; foreign exchange reserves steady at MOP 212 billion.
IMF predicts substantial growth this year and next, while unemployment and inflation should both remain low.
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