IMF staff completes visit to Mozambique
Economy stagnates, says INE – Mozambique
3:35 CAT | 23 Aug 2016
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There is a “stagnation of economic activity” in the second quarter compared to the first quarter, according to the National Statistics Institute (Instituto Nacional de Estatística, INE). The Mozambican economy grew by only 3.7% year-on-year in the second quarter of 2016 – the lowest growth rate in recent years. Economic instability exacerbated the fall in the turnover of Mozambican companies in the first half of the year, according to data from the INE. A fall in demand and rising production costs were the main cause. (O Pais16 Aug, O Pais Economico 19 Aug)
By: Joseph Hanlon
Source: News reports & clippings
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