The most recent Economist Intelligence Unit (EIU) report places Cape Verde among Africa’s most stable countries in 2013 and 2014. The report warns, however, that the economic and social outlook could cause tensions in the country as a result of the high level of unemployment, the vulnerability of the economy and the drop in remittances from Cape Verdeans living abroad.
The Economist Intelligence Unit says that Cape Verde will be one of Africa’s most stable countries in 2013 and 2014, while alerting to the economic and social duress that have begun to be felt in the archipelago.
With regards to the economy, the EIU forecasts a drop in the deficit from 11.4%, in 2012, to 7.9% in 2014. According to the report, the Cape Verdean economy’s growth will cool off in 2013 to 3%, seeing a slight recovery of 3.2% in 2014.
GDP growth will also be down from 4.6% in 2012 to 4.3% this year.
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