Mozambique is forecast to be the fastest-growing Portuguese-speaking economy, growing by 2.6% this year and 3.3% in 2024. The economies of the Portuguese-speaking African countries (PALOP) will accelerate growth in 2024 compared with this year, with the exception of Equatorial Guinea, which is sinking into recession, and Guinea-Bissau, which maintains this year's expansion.
According to the Global Economic Prospects report (World Bank), released on Tuesday in Washington, Mozambique will be the fastest-growing Portuguese-speaking economy, with an expected expansion of 8% next year, consolidating the 5% growth forecast for this year.
At the opposite end is Equatorial Guinea, which remains unable to grow its economy. The most recent Lusophone country has been in recession since the middle of the last decade, having interrupted this negative cycle only with growth of 2.9% last year.
Regionally, the World Bank forecasts that economic growth will slow to 3.2% this year before accelerating to 3.9% in 2024, with the economic recovery threatened by a number of factors.
