Market Report, "Mozambique Business Forecast Report Q3 2013", Published
We are forecasting 2013 real GDP growth at 7.1% year-on-year (yo- y), lower than the 7.4% y-o-y achieved in 2012. The main reason for the slowdown is our expectation that inflation will accelerate and coal exports will underperform as a result of floods which hit south and central Mozambique early in the year. From 2014, we expect growth to gather momentum towards a peak of 15.9% y-o-y in 2020, when gas production is expected to commence.
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