Analysis by Region - Emerging Markets - Mozambique
Economic growth has been resilient in H1 2024, mainly reflecting expansions in hydrocarbon production and transport services. In the short term, natural gas production growth will stall due to a lack of new projects coming on stream, while widespread drought will curb agricultural production. On the other hand, Mozambique’s real GDP growth will get a boost from increased infrastructure spending and lower interest rates. On balance, we forecast an easing in real GDP growth from 4.4% in 2024 to 3.9% in 2025.
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