Mozambique: Foundation stone laid for the Senga road, in Palma district - photos
The Mozambican government yesterday approved the Economic and Social Plan (PES), which forecasts gross domestic product (GDP) [growth] of 5.3 percent in 2018 against 4.7 percent this year, and an annual inflation of 11.9 percent against 18 percent this year.
Speaking at the end of an extraordinary Council of Ministers session, spokeswoman Ana Comoana said that Mozambique’s 2018 GDP growth would be above the projected African average of 3.5 percent and the 4.8 percent of emerging economies.
“We can be happy with the GDP we are going to achieve,” Comoana said.
According to the cabinet spokesperson, Mozambican economic growth will be driven by the extractive industry, with 13.8 percent, electricity and gas, 7 percent, tourism, 5 percent, finance and insurance, 4.5 percent education, 3.7 percent, and health, 3.6 percent.
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