{"id":45965,"date":"2023-09-02T19:37:40","date_gmt":"2023-09-02T19:37:40","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year"},"modified":"2023-09-02T19:44:31","modified_gmt":"2023-09-02T19:44:31","slug":"consultants-upgrade-growth-expectation-to-4-4-this-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year","title":{"rendered":"Consultants upgrade growth expectation to 4.4% this year"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Oxford Economics has revised upwards the growth outlook for Mozambique\u2019s economy, now anticipating growth of around 4.4% due to the acceleration in the establishment of infrastructure, mainly in Cabo Delgado.<\/p>\n

\u201cThe growth of Gross Domestic Product surprised us significantly in the first half of this year, which will lead us to increase our growth forecast for the year as a whole from 3.6% to close to 4.4%,\u201d the analysts wrote in a commentary on the evolution of the Mozambican economy in the first six months of this year.<\/p>\n

In the commentary sent to clients and to which Lusa has had access, the African department of British Oxford Economics writes that \u201cthe Coral South liquefied natural gas project could increase total natural gas production by up to 63%\u201d, which, together with the reconstruction of infrastructure, supports the revision of the economy\u2019s growth estimate.<\/p>\n

\u201cIn addition to developments in the liquefied natural gas sector, we anticipate that investments in infrastructure related to the expansion of the electricity grid and the reconstruction of damaged infrastructure in Cabo Delgado will also support economic growth this year,\u201d points out Oxford Economics.<\/p>\n

The consultancy had already postponed the forecast for the resumption of TotalEnergies work from the end of this year to the first half of 2024 \u201cdue to reports that the project is facing disagreements between contractors over costs\u201d, which means that Oxford Economics Africa foresees \u201ca lower level of construction and spending on fixed investments in the second half of the year\u201d, but even so, the growth in the first half of the year is enough to compensate for this reduction.<\/p>\n

Mozambique grew by 4.7% in the second quarter of this year, accelerating from the 4.2% recorded in the first quarter of the year<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Oxford Economics has revised upwards the growth outlook for Mozambique\u2019s economy, now anticipating growth of around 4.4% due to the acceleration in the establishment of infrastructure, mainly in Cabo Delgado. \u201cThe growth of Gross Domestic Product surprised us significantly in the first half of this year, which will lead us to increase […]<\/p>\n","protected":false},"author":84,"featured_media":45963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-45965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nConsultants upgrade growth expectation to 4.4% this year - Mozambique<\/title>\n<meta name=\"description\" content=\"Oxford Economics has revised upwards the growth outlook for Mozambique\u2019s economy, now anticipating growth of around 4.4% ...\" \/>\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\/consultants-upgrade-growth-expectation-to-4-4-this-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consultants upgrade growth expectation to 4.4% this year\" \/>\n<meta property=\"og:description\" content=\"Oxford Economics has revised upwards the growth outlook for Mozambique\u2019s economy, now anticipating growth of around 4.4% ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year\" \/>\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=\"2023-09-02T19:37:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-02T19:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1693667682.954612.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"775\" \/>\n\t<meta property=\"og:image:height\" content=\"517\" \/>\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=\"2 minutes\" \/>\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\/consultants-upgrade-growth-expectation-to-4-4-this-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Consultants upgrade growth expectation to 4.4% this year\",\"datePublished\":\"2023-09-02T19:37:40+00:00\",\"dateModified\":\"2023-09-02T19:44:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year\"},\"wordCount\":304,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1693667682.954612.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/consultants-upgrade-growth-expectation-to-4-4-this-year\",\"name\":\"Consultants upgrade growth expectation to 4.4% this year - 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