Mozambique is forecasting growth of 4.7 percent of GDP by the end of 2019, according to an announcement made on December 4, 2018 by Prime Minister Carlos Agostinho do Rosario.
Presenting the Government’s Economic and Social Plan for next year in parliament, Carlos Agostinho do Rosario said that this growth will be driven by agriculture (+ 5.5% in 2019), fisheries and the extractive industry .
“These three sectors will experience significant growth in 2019 and the highest growth rate of 14% is expected in the mining industry, followed by fishing (6%) and agriculture (5.5%),” he said. said Augusto Fernando, the government spokesman to the press.
The country had experienced a sharp decline in growth over the last few years, due to falling prices for traditional export products, persistent drought, a significant drop in foreign direct investment, and so on.
