The crisis in the “Peace Industry”

It is one of the effects of the Pandemic. Serious and with unpredictable consequences in the medium and long term. Tourism, the “Industry of Peace”, is going through a crisis with direct effects on the GDP of many countries and on the relationships of many people.

IMF doubles recession forecast for Africa

The International Monetary Fund (IMF) expects sub-Saharan African economies to experience an economic recession of 3.2% this year, which doubles the forecast made in April, which estimated a 1.6% drop in GDP. According to the update of the World Economic Perspectives…

Angola's oil sales fell by almost half

Angola’s oil exports fell 48% in May from April, to 225 billion kwanzas, according to data from the Ministry of Finance cited by international news agencies. The value of oil exports went from 432.5 billion kwanzas (644 million euros) in April to 225.3 billion…

China's gold visas drop nearly a third by May

Chinese investment raised through ‘gold’ visas fell 32% in the first five months of the year, compared to the same period in 2019, to 65.5 million euros, according to data from the Foreigners and Borders Service (SEF). Between January and May, the total amount…

PAIGC leader: “I am working abroad”

The president of the African Party for the Independence of Guinea and Cape Verde (PAIGC), Domingos Simões Pereira, said that he did not run away from Guinea-Bissau and that, at the moment, he would have little scope to work in the country. “I hear a lot of people…

Brazil's economy will drop to 2010 levels

The drop is similar to that of other countries in America but the outlook until 2021 is worse for the country ruled by Bolsonaro Brazil must be surpassed by more than 80% of countries and return to 2010 levels The decrease of 1.5% of the GDP (Gross Domestic Product) of…