Mozambique’s economy is expected to grow by just 4.8% this year as a result of decreased investment and the impact of the drought on agricultural production, according to the Economist Intelligence Unit (EIU).
The EIU further predicts an ongoing slump for the next three years – with growth set to decline from an average of 6.8% per year to 5.8% between 2017 and 2020.
“Oversupply and sluggish demand in the global market will deter further capital investment into Mozambique’s coal industry and stall the development of graphite, titanium and gold resources,” predicts the EIU.
