Mozambique: TRAC promises completion of N4 works within 20 days, traffic restrictions announced - ...
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The Economist Intelligence Unit (EIU) has predicted that .Mozambique’s economy is expected to remain unchanged by 2019, with the rate of change in gross domestic product falling 10 basis points from 2018 to 3.4 percent, APA can report on Tuesday.According to EIU, the difficulties in access to credit by agricultural producers will continue to impede the growth capacity of this sector and the fall in international prices of coal will represent a brake on new investments in mining.
Mozambique is in a deep foreign debt crisis that analysts say could lead to social unrest if it continues to hammer the economy and currency, fuelling inflation and making it harder for the government to pay civil servants.
The EIU also mentions as a brake on the country’s development the financial problems as well as the high amount of late payments by the government which “continue to weigh heavily on the banking sector and undermine investor confidence.”
In the long term, particularly with the start of the exploration of natural gas deposits in the Rovuma basin, the economy will tend to grow faster, with a forecast of 4.5 percent over the period 2020/2022.
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