INSUBCONTINENT EXCLUSIVE:
In the early months of 2024, witnessed a downturn in its Economic Climate Indicator, signaling a shift in business sentiment.The National
Institute of Statistics (INE) reported a decline from the upbeat trends of late 2023.However, the current figures still surpass the recent
year averages, suggesting a lingering optimism not seen at the start of the previous year.This nuanced view comes from the latest Business
in Cape Verde in Early 2024
(Photo Internet reproduction)However, not all sectors echoed this sentiment
The tourism, construction, fair trade, and manufacturing industries saw a drop in confidence.The tourism sector, which contributes
most pronounced dip in confidence occurred among fair traders, who linked their pessimism to falling sales.Meanwhile, the manufacturing
sector grappled with challenges such as a scarcity of raw materials and what many perceive as burdensome government regulations.Navigating
look at the business climate across various sectors.Understanding these shifts is vital, as they reflect broader economic trends that can
influence policy decisions and strategic planning.As Cape Verde navigates through these changing economic winds, the insights from such
surveys are invaluable for policymakers, investors, and business leaders aiming to adapt and strategize for the future.This ongoing economic
attention as the nation moves forward.
