Mozambique Economic Outlook
July 17, 2018Preliminary GDP data showed that the economy lost some steam at the start of the year, with growth moderating to 3.2% year-on-year in Q1 from 3.7% in Q4 2017. The expansion came primarily on the back of increased output in agriculture and extractive industries. Subdued activity seems to have continued into Q2, with economic activity slowing in April in annual terms on the heels of reduced turnover in the retail and transport sectors. In the political arena, President Filipe Nyusi and Ossufo Momade, the leader of the main opposition Renamo movement, announced a breakthrough agreement on 11 July over the integration of former rebels into the country’s security forces, removing a major obstacle for the conclusion of peace talks.
Mozambique Economic GrowthHigher commodity prices are expected to support growth going forward. However, exceedingly high levels of public debt pose a key downside risk to the short- and medium-term economic outlooks. Met the why particular panelists expect the economy to expand 3.3% in 2018, unchanged from last month’s forecast, and 3.3% again in 2019.
Mozambique Economy Data
5 years of Mozambique economic forecasts for more than 30 economic indicators.
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|Exchange Rate||58.58||0.48 %||Jul 17|
|Stock Market||0.2||0.0 %||Jul 17|
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