BMI View: GDP per capita growth is benefiting Mozambique’s consumers, who are purchasing increasing amounts of consumer goods, particularly food and drink. In 2013, total food consumption (in local currency terms) increased by an estimated 13.3%, far in excess of 4.4% average inflation. This highlights the fact that a greater portion of incomes are being spent on food and drink products. In the short term, exporters in Asia and South America will benefit from Mozambique’s growth in demand (especially for processed and packaged foods); however, over the longer term, the continent has the potential to become a major exporter itself. …
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