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Africa, News

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

MAPUTO (Reuters) – 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.

(Reporting by Manuel Mucari; Writing by Emma Rumney; Editing by Mark Heinrich)


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