Mozambique Set for 4.4% GDP Drop in 2020 and “Modest” Recovery Next Year – EIU

por Mei Mei Wong

The impact of the Covid-19 pandemic will “weigh heavily” on Mozambique´s economy, with real GDP contracting by 4.4% in 2020, before recovering slowly to a growth of 1% in 2021, according to the Economist Intelligence Unit (EIU).

On August 5th, Mozambican president, Filipe Nyusi, declared a new state of emergency for a period of 30 days, running from August 8th to September 6th, in order to contain the spread of the Covid-19 pandemic, with a further easing of restrictions, in three phases.

In phase one, beginning on August 18th, higher education institutions and religious gatherings with a maximum of 50 people will be reopened, followed in phase two (September), by cinemas, casinos and gyms and in phase three, (October 30th), by Grade 12 school classes.

Read more CLbrief

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