Somalia Launches Economic Outlook Report Reviewing Seven Years of Performance

GOOBJOOG NEWS | MOGADISHU: Somalia has launched the third edition of its Economic Outlook Report, reviewing the country’s economic performance between 2018 and 2025 and outlining priorities for sustaining growth and development.

The report was launched by Planning, Investment and Economic Development Minister Mohamud Abdirahman Sheikh Farah (Beenebeene), who highlighted its role in assessing the direction of the national economy and informing future development priorities.

Prepared by the Ministry of Planning, the report examines government economic performance and broader developments across the country’s economy over the seven-year period.

It also identifies investment in economic infrastructure and increased domestic production as important priorities for strengthening productive capacity and supporting sustainable growth.

The launch brought together Health Minister Ali Haji Adam, Deputy Finance Minister, representatives of the banking sector, business leaders and other officials.

Discussions centred on Somalia’s economic performance and measures to maintain progress across key sectors.

The federal government of Somalia has accelerated efforts to strengthen its economic institutions, expand investment and build domestic capacity to support long-term development.