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Analysis by Region - Emerging Markets - Madagascar

Publisher Oxford Economics
Published Oct 20, 2025
Length 3 Pages
SKU # OFE20536004

Description

Economic momentum in Madagascar slowed during Q2, and we reduced the 2025 GDP growth forecast by 0.9 ppt following a broad-based moderation in activity. There has also been an intensification of violent protests over persistent electricity outages and water shortages. The capital is believed to have a 50 MW power generation deficit. The military has since ousted President Andry Rajoelina amid growing calls for his removal. We anticipate a mild economic rebound from Q4 2025 into 2026 as conditions normalise. Meanwhile, previously announced infrastructure projects will be a key driver of activity in the short- to medium term, and we forecast GDP growth to accelerate to 4.4% next year.

Table of Contents

3 Pages
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