Mozambique:
Mozambique, The Southern African Economy Estimated To Grow The Most In 2020
12 February 2020
Ana Bruno & Associados Sociedade de Advogados SPRL
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The United Nations (UN) forecasts growth of 5.5% for Mozambique,
being the economy that registers the fastest growth among the
countries of Southern Africa.
According to the UN report on the World Economic Situation and
Perspectives, published last January 2020, it is estimated that
Mozambique will go from a growth of 1.5%, verified in 2019, to
5.5%, fundamentally due to the reconstruction efforts following the
cyclones that occurred in 2019. This perspective is in line with
what was already projected by the International Munition Fund in
November last year.
The African Development Bank (AfDB) also forecasts a 5.8% GDP
growth in Mozambique, boosted by gas discoveries, estimated at 180
billion cubic feet, off the Mozambican coast.
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