Mozambique Economic Update, December 2017 : Making the Most of Demographic Change
Developments in the second half of 2017 indicate that the slowdown in Mozambique's economic performance may be taking hold, shifting this once fast-growing economy to a more modest pace of growth. GDP growth is expected to dip to 3.1 percent i...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/386461513950634764/Mozambique-economic-update-making-the-most-of-demographic-change http://hdl.handle.net/10986/29100 |
| Summary: | Developments in the second half of 2017
indicate that the slowdown in Mozambique's economic
performance may be taking hold, shifting this once
fast-growing economy to a more modest pace of growth. GDP
growth is expected to dip to 3.1 percent in 2017, despite
substantial increases in coal and aluminum exports. Whilst
these exports boomed, small and medium enterprises
(SMEs)have fallen back even further, especially in the
manufacturing sector, which contracted for this first time
since 1994. Current trends make it clear that Mozambique
needs to redouble its efforts to support small and medium
enterprises, and to look beyond the extractive sector for
more balanced growth. The drift towards a natural resource
extraction based economy with low employment generation
makes the case for Mozambique to leverage off its growing
and youthful population provides for future growth. |
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