Mozambique to grow 4.5% this year, a positive exception in sub-Saharan Africa – IHS Markit

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Mozambique to grow 4.5% this year, a positive exception in sub-Saharan Africa – IHS Markit

1:23 CAT | 27 Jan 2020

in file CoM

Mozambique would probably grow 4.5% this year and 4% in 2021, a positive exception in sub-Saharan Africa, said Bryan Plamondon, the analyst responsible for the African department at British consultancy IHS Markit, in statements to Lusa on Sunday.

“For Mozambique, reconstruction efforts following cyclones, together with the development of megaprojects in the area of liquefied natural gas, support our expectation of 4.5% growth in 2020 and 4% in 2020,” Plamondon told Lusa.

For the analyst, this recovery from a growth of 1.5% in 2019 to 4.5% this year contrasts starkly with neighbouring southern African economies.

“The trend for the region is towards stagnation or reduction, although there are growth pockets in Ethiopia, Ghana, Côte d’Ivoire, Rwanda and Senegal,” he said.

Source: Lusa