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Home Africa

Mozambique GDP to rise to 4% in 2020 – central bank governor

Staff by Staff
December 18, 2019
in Africa, Banking, Economy, Finance, Inflation, Investing, Mozambique
Reading Time: 1 min read
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Mozambique’s central bank expects its gross domestic product to rise to 4% in 2020 thanks in part to rebuilding efforts after two devastating cyclones this year, its governor Rogerio Zandamela said on Monday.

“This forecast is based on post-cyclone reconstruction actions, debt settlement to state goods and services providers, increased credit to the private sector and investment in the oil and gas sector,” he said during a year-end speech.

He added that inflation was expected to remain in the single digits although slightly above the level seen this year.

Source: Reuters

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Tags: FeatureMozambiqueMozambique Central BankRogerio Zandamelaмозамбикموزمبيقモザンビーク莫桑比克
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