{"id":1548,"date":"2021-06-29T14:33:14","date_gmt":"2021-06-29T14:33:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1548"},"modified":"2021-06-29T13:49:58","modified_gmt":"2021-06-29T13:49:58","slug":"mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch","title":{"rendered":"2021 GDP to rise \u2018a modest\u2019 2.8% due to gas delays, pandemic \u2013 Fitch"},"content":{"rendered":"

Africa-Press<\/a> – Mozambique<\/a>. <\/strong><\/span>The consultancy Fitch Solutions on Monday considered that the delay in natural gas investments in northern Mozambique and measures to combat the Covid-19 pandemic will mean modest real growth of 2.8% this year.<\/p>\n

\u201cWe anticipate Mozambique\u2019s economy to emerge from recession this year after posting a 1.3% contraction in 2020, with private investment recovering slightly, but we forecast modest real GDP growth of 2.8% as the delay in gas sector investment and the persistence of containment measures weigh on the recovery of domestic demand,\u201d the analysts wrote.<\/p>\n

In a note on the risks for the country, sent to investors and to which Lusa had access, the analysts from the consultancy owned by the same owners of financial rating agency Fitch Ratings also point out that the Mozambican central bank is expected to lower interest rates in the second half of the year.<\/p>\n

\u201cThe Bank of Mozambique will likely see scope to lower the interest rate by 100 basis points to 12.25% by the end of this year, after a surprising 300 basis point hike in January, in a context of low economic growth,\u201d the analysts said.<\/p>\n

\u201cOn the political front, we continue to flag increasing risks to stability posed by rising insurgent activity in the northern province of Cabo Delgado, which also threatens to derail the development of new gas fields\u201d.<\/p>\n

In the analysis, Fitch Solutions also warns of the difficulties that Mozambique will have in terms of infrastructure, which are considered insufficient to flow all the natural gas production that is expected to start being produced from the middle of this decade.<\/p>\n

\u201cA failure to deal with poor infrastructure is a pressing risk for Mozambique\u2019s economy; transport infrastructure, in particular, is currently inadequate to take the country\u2019s rich natural resources to international markets,\u201d the analysts said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The consultancy Fitch Solutions on Monday considered that the delay in natural gas investments in northern Mozambique and measures to combat the Covid-19 pandemic will mean modest real growth of 2.8% this year. \u201cWe anticipate Mozambique\u2019s economy to emerge from recession this year after posting a 1.3% contraction in 2020, with private […]<\/p>\n","protected":false},"author":84,"featured_media":1547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[233,281,283],"class_list":["post-1548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\n2021 GDP to rise \u2018a modest\u2019 2.8% due to gas delays, pandemic \u2013 Fitch - Mozambique<\/title>\n<meta name=\"description\" content=\"The consultancy Fitch Solutions on Monday considered that the delay in natural gas investments in northern Mozambique an ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2021 GDP to rise \u2018a modest\u2019 2.8% due to gas delays, pandemic \u2013 Fitch\" \/>\n<meta property=\"og:description\" content=\"The consultancy Fitch Solutions on Monday considered that the delay in natural gas investments in northern Mozambique an ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T14:33:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/img-60db24cd8f722.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"2021 GDP to rise \u2018a modest\u2019 2.8% due to gas delays, pandemic \u2013 Fitch\",\"datePublished\":\"2021-06-29T14:33:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/img-60db24cd8f722.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-2021-gdp-to-rise-a-modest-2-8-due-to-gas-delays-pandemic-fitch\",\"name\":\"2021 GDP to rise \u2018a modest\u2019 2.8% due to gas delays, pandemic \u2013 Fitch - 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