By Noémia Mendes, António Cumbane and Neusa Chiunguete
Maputo (MOZ TIMES) – The Confederation of Mozambican Business Associations (CTA) estimates that the paralysis of economic activities resulting from the ten days of strikes and demonstrations throughout the country has caused losses of USD 45.5 million arising from destruction and break-ins, putting more than 1,200 jobs at risk.
According to the CTA, 151 business units throughout the country have been directly affected.
The chairperson of the CTA, Agostinho Vuma, told journalists in Maputo on Tuesday that the demonstrations have pushed the forecast GDP growth rate for the year down from 5.5% to 3.3%.
“The sectors of trade, restaurants, logistics and transport were most affected during the paralysis with a significant loss of 24.8 billion meticais, affecting the GDP by about 2.2 per cent”, said Vuma.
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