Mozambique Economic Outlook
October 18, 2016September’s IMF visit helped to set the terms for an international audit of Mozambique’s debt, particularly of the companies involved in the undisclosed debt scandal which surfaced earlier this year. This brings the country closer to the resumption of aid flows, which are much-needed to alleviate heightened pressures from the fallout of the debt scandal: GDP expanded at the slowest rate in over eight years in Q2, the currency depreciated drastically and debt is soaring. October’s landmark gas deal, which establishes that BP will buy the entire liquefied natural gas (LNG) output from the Coral South Floating Facility over 20 years, is very welcome news for the country as it gives it an opportunity to become a major LNG exporter in the longer term.
Mozambique Economy Data
5 years of Mozambique economic forecasts for more than 30 economic indicators.
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|Exchange Rate||78.33||0.66 %||Oct 21|
Mozambique Economic Growth
October 18, 2016GDP will expand at the slowest pace in over a decade this year due to suspended international aid, weak exports and subdued foreign direct investment. Our panel forecasts growth of 4.5% in 2016, which is down 0.1 percentage point from last month’s projection, and of 5.6% in 2017.