Analysis by Region - Emerging Markets - Madagascar
Description
Analysis by Region - Emerging Markets - Madagascar
Real GDP growth in Madagascar averaged 4.3% p.a. over the 2021-2022 period as the economy rebounded from a 7.1% Covid-19-induced contraction in 2020. That said, the country remains in a fragile state due to the lingering effects of adverse external events – such as the pandemic and Russia-Ukraine war – and the regular occurrence of domestic weather shocks. Also, consumer price pressures remain elevated while fiscal fragility persists. As such, Madagascar's near-term prospects paint a sombre picture. To combat this, authorities intend to action the Plan Emergence Madagascar (PEM) initiative, though this programme still lacks a quantified and timebound implementation strategy. As such, we foresee real GDP growth coming in at 3.9% in 2023.
Real GDP growth in Madagascar averaged 4.3% p.a. over the 2021-2022 period as the economy rebounded from a 7.1% Covid-19-induced contraction in 2020. That said, the country remains in a fragile state due to the lingering effects of adverse external events – such as the pandemic and Russia-Ukraine war – and the regular occurrence of domestic weather shocks. Also, consumer price pressures remain elevated while fiscal fragility persists. As such, Madagascar's near-term prospects paint a sombre picture. To combat this, authorities intend to action the Plan Emergence Madagascar (PEM) initiative, though this programme still lacks a quantified and timebound implementation strategy. As such, we foresee real GDP growth coming in at 3.9% in 2023.
Table of Contents
3 Pages
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
