The Angolan economy is expected to bounce back from last year’s recession and grow by 2 percent this year and 2.5 percent next year, according to Capital Economics. The Lusa news agency says the London-based research consultancy has forecast growth of 4.5 percent for Mozambique this year and 5 percent next year.
The Capital Economics report says growth of 2 percent is “quite weak by historical standards” but would “be a significant improvement over the 2016 decline”.
Reduced oil prices has slowed growth in Angola but Capital Economics forecasts “oil prices above last year’s”, greater revenue and an improved balance of payments.
The report says Mozambique’s sovereign debt crisis should neither halt external investments nor significantly affect the acceleration of growth.