Mozambique Economic Outlook
September 18, 2018Preliminary GDP data revealed that economic activity remained relatively subdued in Q2, albeit was slightly stronger than at the outset of the year. Annual growth inched up from 3.2% in Q1 to 3.4% in Q2, largely on the back of higher activity in the mining and agricultural sectors. The external position, however, deteriorated in Q2 as the current account deficit almost doubled from the same period a year earlier due to a widening trade deficit. Additionally, FDI inflows more than halved on an annual basis given lower investment in extractive industries. Meanwhile, survey data suggests a soft start to Q3 as business confidence weakened in July from Q2, reflecting firms’ more downbeat sentiment over employment conditions ahead.
Mozambique Economic GrowthGrowth next year should be supported by easing of monetary conditions and favorable external demand for coal and aluminum—Mozambique’s key export commodities. A high public debt burden, however, will continue to cloud the outlook. Met the why particular panelists expect the economy will expand 3.3% in 2018 and 3.5% in 2019, up 0.2 percentage points from last month’s forecast.
Mozambique Economy Data
5 years of Mozambique economic forecasts for more than 30 economic indicators.
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|Exchange Rate||60.55||0.48 %||Sep 24|
|Stock Market||0.2||0.0 %||Sep 24|
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