Current Account in Mozambique
Mozambique - Current AccountThe economy lost stride again in the third quarter, with annual growth easing from 2.3% in the second quarter to 2.0%—the weakest expansion in two years. A sharper decline in mining output and a slowdown in services-sector activity largely drove the moderation. On a brighter note, the agricultural sector, which accounts for the largest share of output and employment, bounced back to growth after having flatlined in Q2 amid the vast crop destruction unleashed by cyclones Idai and Kenneth. Meanwhile, in mid-November, the country’s top court dismissed the appeal by Renamo, the main opposition party, to annul President Filipe Nyusi and his Frelimo party’s resounding victory in the 15 October general election. The move paves the way for the swearing in of President Nyusi for a second five-year term, set for 15 January 2020.
Mozambique - Current Account Data
|Current Account (% of GDP)||-36.7||-32.7||-36.9||-32.1||-19.5|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Current Account Chart
Source: Bank of Mozambique
|Exchange Rate||62.43||0.48 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 06|
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