Mozambique Economic Outlook
November 14, 2017The economy seems to be growing at a steady pace this year, thanks to higher prices for commodities. A tight monetary policy has caused the currency to appreciate substantially so far in 2017, lessening to a degree the country’s exorbitant debt burden and supporting private consumption as a result. However, the country’s economic outlook is full of hurdles and remains constrained. Talks to restructure existing debt have so far yielded few results, and a solution remains far out of sight. Mozambique needs to come to an agreement with the IMF for a bailout program, but the Fund will not move ahead until the country accounts for loans granted in 2013 and 2014. Delays in debt-restructuring talks will in turn negatively impact investment as well as worsen the current foreign currency liquidity crisis.
Mozambique Economic GrowthThe large debt burden, the ongoing standoff with international lenders and fiscal austerity will keep growth constrained. The FocusEconomics panel foresees growth of 4.7% in 2018, down 0.5 percentage points from last month’s forecast, and 5.5% in 2019.
Mozambique Economy Data
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5 years of Mozambique economic forecasts for more than 30 economic indicators.
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|Exchange Rate||61.06||0.48 %||Dec 06|
|Stock Market||0.1||0.0 %||Dec 06|
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