The Mozambican economy may grow by an average of four percent in the next three years

Published 2021년 4월 12일

Tridge summary

Mozambique's economy is expected to grow moderately, reaching four percent growth in the medium term, driven by increased production in the agriculture sector. This growth is due to investments in improved seeds and technical assistance for producers, with a focus on cereals, roots, and tubers. The government's medium-term fiscal scenario also assumes a recovery in the national economy, with an expected growth rate of 4% in the agriculture sector and 3% in the electricity sector in 2021. The ministry considers the agriculture sector to be resilient and not directly affected by the pandemic, with a positive growth rate of 2.8% in 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Mozambican ECONOMY will grow moderately, over the next three years, until it reaches four percent in the medium term, sustained by the increase in production in the agriculture sector. The scenario results from the investments to be made in the provision of improved seeds and technical assistance to producers and actors in the agrarian sector, with emphasis on cereals, roots and tubers. The projection is in the medium-term fiscal scenario, approved a few days ago by the Government, and which foresees that the national economy will revive, as the country manages to mitigate Covid-19 and collect more revenues. Speaking in Maputo, the spokesman for the Ministry of Economy and Finance, Alfredo Mutombene, explained that the forecasts do not include revenues from natural gas exploration projects. He referred that the document was prepared in an environment marked by an increase in the spectrum of uncertainty due to the confluence of shocks, both internal and external, with emphasis ...

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