CAPE VERDE: WORST ECONOMIC CRISIS IN 45 YEARS IN 2020

CAPE VERDE: WORST ECONOMIC CRISIS IN 45 YEARS IN 2020

   Fri, 14 August 2020

The arrival of COVID-19 is expected to throw the archipelago of Cape Verde into its worst economic crisis in 45 years, with a GDP contraction of at least nine percent on the horizon for 2020. While Cape Verde is renowned for its stability, such shocks threaten to expose economic vulnerabilities in the country as major elections approach.



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