{"id":9513,"date":"2021-11-24T17:34:50","date_gmt":"2021-11-24T17:34:50","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=9513"},"modified":"2021-11-24T16:31:55","modified_gmt":"2021-11-24T16:31:55","slug":"mozambique-consultants-expect-2-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth","title":{"rendered":"Mozambique: Consultants expect 2% GDP growth"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Oxford Economics Africa consultants will revise Mozambique\u2019s economic growth forecast to around 2% due to the 3.3% expansion in the third quarter, the highest recorded since the pandemic.<\/p>\n

\u201cAfter a slow start to the year, the economy gained traction in the second half of 2021, and the third quarter turned out to be the strongest in terms of GDP growth since the second quarter of 2019,\u201d the analysts write in a commentary on gross domestic product (GDP) figures, which reported growth of 3.36% from July to September this year.<\/p>\n

The Oxford Economics Africa analysts point out that \u201caccelerating production at Vale\u2019s Moatize mine, underpinned by an improvement in exports of other commodities, and the reduction of Covid-19 lockdown measures have breathed life into the economy\u201d.<\/p>\n

\u201cThe latest GDP figures will lead us to increase our growth forecast of 1.8% in the next revision of estimates. We still foresee the economy accelerating to over 2.5% in 2022, in a context of increased exports of raw materials, sustained by the start of natural gas production in the Rovuma basin, in Eni\u2019s project,\u201d they added.<\/p>\n

Mozambique\u2019s GDP grew 3.36% in the third quarter, accelerating the upward trend recorded since January, the National Statistics Institute (INE) announced.<\/p>\n

\u201cGross domestic product at market prices showed a positive variation of 3.36% in the third quarter of 2021 when compared to the same period of 2020, making an accumulated growth of 1.78%,\u201d the note on the quarterly national accounts said.<\/p>\n

The figures leave GDP 32 basis points away from the target set by this year\u2019s budget (2.1%) and reinforce the sign of recovery in the face of the crisis caused by the Covid-19 pandemic.<\/p>\n

\u201cThe performance of economic activity in the third quarter of 2021 is attributed primarily to the primary sector which grew by 4.78%,\u201d driven mainly by mining with a jump of 5.01%, INE noted.<\/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 Africa consultants will revise Mozambique\u2019s economic growth forecast to around 2% due to the 3.3% expansion in the third quarter, the highest recorded since the pandemic. \u201cAfter a slow start to the year, the economy gained traction in the second half of 2021, and the third quarter turned out to […]<\/p>\n","protected":false},"author":84,"featured_media":9512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-9513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Consultants expect 2% GDP growth - Mozambique<\/title>\n<meta name=\"description\" content=\"Oxford Economics Africa consultants will revise Mozambique\u2019s economic growth forecast to around 2% due to the 3.3% expan ...\" \/>\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-consultants-expect-2-gdp-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Consultants expect 2% GDP growth\" \/>\n<meta property=\"og:description\" content=\"Oxford Economics Africa consultants will revise Mozambique\u2019s economic growth forecast to around 2% due to the 3.3% expan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth\" \/>\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=\"2021-11-24T17:34:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-619e5f8861d4e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"870\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\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\/mozambique-consultants-expect-2-gdp-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Consultants expect 2% GDP growth\",\"datePublished\":\"2021-11-24T17:34:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-619e5f8861d4e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-consultants-expect-2-gdp-growth\",\"name\":\"Mozambique: Consultants expect 2% GDP growth - 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