Mozambique central bank cuts key rate for seventh meeting in a row
World Bank sees Mozambique’s economic growth at 4.6 percent in 2017
2:23 CAT | 31 Jul 2017
Reuters (File photo)
Mozambique’s economy is likely to grow 4.6 percent this year, the World Bank said on Monday, driven by recovering of coal, aluminium, gas and improved farm output.
The government said the southern African nation’s gross domestic product expanded by 3.3 percent in 2016.
Also Read: Mozambique is increasingly “A two-speed economy” – World Bank Economic Update
“Strengthening prices for coal, aluminium and gas, a post el Niño recovery in agriculture, and progress in the peace talks, could steer growth to 4.6 percent in 2017, and towards 7 percent by the end of the decade,” the World Bank said in a report on Mozambique’s economy.
Access the full report HERE
Source: Reuters
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.