The growth forecasts for the Mozambican economy, according to Oxford Economics, have been reduced from 5.4% in 2023 to 3.7% in 2024. The economic growth forecast for this year "will be sustained by increased foreign investment in infrastructure projects and improved private consumption, following a less restrictive monetary policy". This decrease...
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National GDP expected to grow by 5.2% this year, according to ADB forecasts
The national Gross Domestic Product (GDP) is expected to grow by 5.2% this year, according to recent forecasts by the African Development Bank (AfDB). The same growth is expected in 2025. The data is contained in the African Countries Economic Outlook Report, presented in Nairobi, Kenya. The document improved the...