Developments in the second half of 2017 indicate that the slowdown in Mozambique's economic performance may be taking hold, shifting this once fast-growing economy to a more modest pace of growth. GDP growth is expected to dip to 3.1 percent in 2017, despite substantial increases in coal and aluminum exports. Whilst these exports boomed, small and medium enterprises (SMEs)have fallen back even further, especially in the manufacturing sector, which contracted for this first time since 1994. Current trends make it clear that Mozambique needs to redouble its efforts to support small and medium enterprises, and to look beyond the extractive sector for more balanced growth. The drift towards a natural resource extraction based economy with low employment generation makes the case for Mozambique to leverage off its growing and youthful population provides for future growth.
Details
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Author
Mahdi,Shireen, Troiano,Sara, Holland,Peter Anthony, Massingue,Anna Carlotta Allen, Massarongo Chivulele,Fernanda Ailina Pedro, Mucavele,Adelina, Walker,David Ian, Herzog,Andre, Casal,Julian, Faria,Jorge Joao, Cossa,Humberto Albino, San Joaquin Polo,Miguel Angel
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Document Date
2017/12/01
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Document Type
Working Paper
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Report Number
122234
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/12/22
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Disclosure Status
Disclosed
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Doc Name
Mozambique economic update : making the most of demographic change
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Keywords
treasury bond; Micro, Small and Medium Enterprise; efficiency of tax administration; fuel transport; rate of poverty reduction; equal access to services; household consumption per capita; high level of dependence; current account deficit; domestic debt; demand for import; demand for service; food price; capital gain; debt service costs; debt service burden; domestic debt stock; public debt stock; domestic debt burden; adverse weather conditions; rise in inflation; primary fiscal deficit; distribution of household; private consumption growth; long-term debt financing; commercial bank asset; effect of price; reduction in consumption; domestic interest rate; increase in prices; cost of import; poverty across province; security monitoring system; elimination of subsidy; engine of growth; level of consumption; foreign currency inflows; Poverty & Inequality; tax revenue losses; inequality of opportunity; state owned enterprise; foreign exchange risk; natural resource revenue; food price inflation; domestic debt market; segments of society; international development partner; gross domestic product; consumer price index; national development objective; volume of trade; tight monetary policy; price of rice; consumer purchasing power; foreign direct investment; impact of shock; public debt service; balance of payment; improvements in access; liquified natural gas; impact on poverty; higher fuel price; Effective interest rate; double taxation treaty; dollar exchange rate; rural area; fiscal risk; commodity price; external financing; consumer import; fiscal outlook; inclusive growth; coal production; trade balance; fiscal space; bread subsidy; cash basis; primary deficit; consumer demand; stable price; electoral cycle; investor confidence; debt crisis; price setting; coking coal; primary balance; price outlook; tradable good; short-term financing; Wage Bill
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Citation
Mahdi,Shireen Troiano,Sara Holland,Peter Anthony Massingue,Anna Carlotta Allen Massarongo Chivulele,Fernanda Ailina Pedro Mucavele,Adelina Walker,David Ian Herzog,Andre Casal,Julian Faria,Jorge Joao Cossa,Humberto Albino San Joaquin Polo,Miguel Angel
Mozambique economic update : making the most of demographic change (English). Mozambique economic update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/386461513950634764/Mozambique-economic-update-making-the-most-of-demographic-change