Mozambique: "GDP growth to remain low until the next boom in foreign direct investment" - Standard ...
A presentation session on the World Bank’s Africa’s Pulse economic report will take place today at the World Bank’s headquarters in Maputo at 2 p.m., with a videoconference link enabling interaction between the participants and the authors of the publication as well as with World Bank economists based in Mozambique. ( access full report here).
The topics covered include risks to growth, debt and the fiscal space, and education and skills development, including how Mozambique and other African countries can develop their workforce today and tomorrow.
Africa’s Pulse is a biannual publication containing an analysis of the short-term macroeconomic outlook for African countries. This edition contains several comparative analyses on Mozambique.
The World Bank’s October edition of its Africa’s Pulse economic report sees growth in sub-Saharan Africa picking up.
Relevant paragraphs from the report read:
“Following a sharp slowdown over the past two years, a recovery is underway in sub-Saharan Africa. Gross domestic product (GDP) growth in the region is expected to strengthen to 2.4 percent in 2017 from 1.3 percent in 2016, slightly below the pace previously projected.
“The rebound is being led by the region’s largest economies. In the second quarter of 2017, Nigeria exited a five-quarter recession and South Africa emerged from two successive quarters of negative growth. Economic activity has also picked up in Angola.
“Elsewhere, an increase in mining output along with a pickup in the agriculture sector is boosting economic activity in metals exporters. GDP growth is stable in non-resource intensive countries, supported by domestic demand. But the recovery is weak in several important dimensions.
“Regional per capita output growth is forecast to be negative for the second consecutive year, while investment growth remains low and productivity growth is falling.”
Source: World Bank Mozambique / worldbank.org