{"id":19942,"date":"2023-10-02T11:24:15","date_gmt":"2023-10-02T11:24:15","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/oe-2024-predicts-that-the-countrys-economy-will-grow-4-7"},"modified":"2023-10-02T12:49:10","modified_gmt":"2023-10-02T12:49:10","slug":"oe-2024-predicts-that-the-countrys-economy-will-grow-4-7","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/oe-2024-predicts-that-the-countrys-economy-will-grow-4-7","title":{"rendered":"OE 2024 predicts that the country’s economy will grow 4.7%"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>Yesterday, the Government deposited in parliament the State Budget proposal for 2024, which predicts that the country’s economy will grow 4.7%, a slowdown compared to the 5.7% forecast for this year.<\/p>\n

The numbers are part of the base macroeconomic scenario that supports the OE, according to the summary document released on social media by the executive.<\/p>\n

With regard to inflation, the Government predicts that, on average, prices will increase by 2.8% in 2024, a value lower than the 5.4% predicted for 2023.<\/p>\n

\u201cThe unemployment rate will stabilize at 8.2% of the active population, remaining at historically low levels\u201d, he adds, remaining below pre-pandemic levels.<\/p>\n

On the other hand, the proposal points to reductions in the deficit and public debt.<\/p>\n

The budget deficit is expected to fall to 2.5% of GDP in 2024, below the 3.5% estimated for this year, thanks to the contribution of additional revenue associated with the resumption of economic activity.<\/p>\n

\u201cPublic debt will fall to 110.5% of GDP in 2024, after a reduction in 2023 to 114.7%\u201d, he adds, highlighting the downward trend that has been observed since 2021 \u2013 the year of the Covid pandemic \u2013 19 in which it amounted to 146% of GDP.<\/p>\n

The delivery of the OE 2024 to parliament was announced by the Government on social media, along with a summary that indicates the five priorities of the proposal: strengthening internal and international connectivity, accelerating the eradication of extreme poverty, developing human capital, accelerating the transition energy, climate and digital, and strengthen budget transparency and reliability.<\/p>\n

The 2024 OE has a total value of 81.2 billion escudos, under the title \u201cResilience and Transition in the Economy\u201d, being 4.11% higher than this year.<\/p>\n

For More News And Analysis About Cape verde<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Cape verde. Yesterday, the Government deposited in parliament the State Budget proposal for 2024, which predicts that the country’s economy will grow 4.7%, a slowdown compared to the 5.7% forecast for this year. 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