Growth rebounded to 7.1 percent in 2021, led by the gradual recovery in tourism, supporting poverty alleviation. Inflationary pressures increased, driven by energy and food. Growth-friendly fiscal consolidation should see growth converging to 6 percent and put debt-toGDP on a declining path over the medium term. The outlook is subject to substantial downside risks stemming from new COVID-19 variants, the Ukraine crisis, and climatic shocks.
Details
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Author
World Bank
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Document Date
2022/04/21
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Document Type
Brief
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Report Number
170533
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Volume No
1
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Country
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Disclosure Date
2022/04/22
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Disclosure Status
Disclosed
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Doc Name
Macro Poverty Outlook for Cabo Verde : April 2022
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Citation
World Bank
Macro Poverty Outlook for Cabo Verde : April 2022 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099947204182231658/IDU070222e5405b8c04d94090470ac8d6f2cb912