Mozambican Growth To Ease In 2024 As Net Exports Deteriorate
Country Risk / Mozambique / Tue 20 Feb, 2024
Key View
- We expect that real GDP growth in Mozambique will slow from a preliminary 5.0% in 2023 to 4.3% in 2024, after growth eased to 5.4% y-o-y in Q423, from 5.9% in Q323.
- Net exports will deteriorate as gas output stagnates, while weakening farmer incomes and fiscal consolidation will cap consumption growth.
- Investment in the gas