{"id":4253,"date":"2021-08-11T18:57:21","date_gmt":"2021-08-11T18:57:21","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=4253"},"modified":"2021-08-11T15:45:32","modified_gmt":"2021-08-11T15:45:32","slug":"consultant-forecasts-3-growth-this-year-in-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique","title":{"rendered":"Consultant forecasts 3% growth this year in Mozambique"},"content":{"rendered":"

Africa-Press<\/a> – Mozambique<\/a>. <\/strong><\/span>Consultancy Capital Economics is forecasting 3.0% growth in the Mozambican economy this year, but warns of risks to investment stemming from the instability in the north of the country, citing in particular the suspension of the liquefied natural gas [LNG] project.<\/p>\n

\u201cIn Mozambique, the \u2018force majeure\u2019 declaration on a large LNG [liquefied natural gas] project, following repeated attacks by insurgents, is adding new headwinds to an already slow recovery. Abandoning the project would seriously harm the country\u2019s growth prospects and raise real concerns about the public debt,\u201d analysts write in a note seen by Lusa yesterday.<\/p>\n

In the document, analysts say that \u201cthe desire to invest in Mozambique is in danger, as insurgent attacks continue in the north of the country\u201d.<\/p>\n

Capital Economics also presents its forecasts, estimating for this year a 3.0% growth in Mozambique\u2019s GDP, rising to 4.0% in 2022 and 4.5% in 2023.<\/p>\n

As for inflation, the London-based consultancy expects the consumer price index to grow 5.5% this year, 5.8% the next and also 5.8% the next.<\/p>\n

French oil major TotalEnergies holds a 26.5% share in the liquefied natural gas project under development in northern Mozambique, whose first production and export was scheduled for 2024, but which has been postponed by at least a year following the oil company\u2019s declaration of \u2018force majeure\u2019.<\/p>\n

The company\u2019s April 26 declaration indicated that it was \u201cunable to fulfil its obligations as a result of the severe deterioration of the security situation in Cabo Delgado\u201d, a matter that was \u201ccompletely of Total\u2019s control\u201d.<\/p>\n

Of the US$20 billion investment (\u20ac16.5 billion) \u2013 the largest private investment in Africa \u2013 12.5% was expected to be channelled to local companies during the project construction phase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Consultancy Capital Economics is forecasting 3.0% growth in the Mozambican economy this year, but warns of risks to investment stemming from the instability in the north of the country, citing in particular the suspension of the liquefied natural gas [LNG] project. \u201cIn Mozambique, the \u2018force majeure\u2019 declaration on a large LNG [liquefied […]<\/p>\n","protected":false},"author":84,"featured_media":4252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[233,281,283],"class_list":["post-4253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nConsultant forecasts 3% growth this year in Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"Consultancy Capital Economics is forecasting 3.0% growth in the Mozambican economy this year, but warns of risks to inve ...\" \/>\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\/consultant-forecasts-3-growth-this-year-in-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consultant forecasts 3% growth this year in Mozambique\" \/>\n<meta property=\"og:description\" content=\"Consultancy Capital Economics is forecasting 3.0% growth in the Mozambican economy this year, but warns of risks to inve ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique\" \/>\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=\"2021-08-11T18:57:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/08\/img-6113f087cab3e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\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\/consultant-forecasts-3-growth-this-year-in-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Consultant forecasts 3% growth this year in Mozambique\",\"datePublished\":\"2021-08-11T18:57:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique\"},\"wordCount\":280,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/08\/img-6113f087cab3e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultant-forecasts-3-growth-this-year-in-mozambique\",\"name\":\"Consultant forecasts 3% growth this year in Mozambique - 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