Republic of Mozambique: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique
IMF Staff Country Reports, March 7, 2018
Source details
- Canonical URL
- Republic of Mozambique: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique
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Bibliographic details
- Published: March 7, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484345597.002
Key findings and recent developments
- Growth decelerated in 2016 to 3.8 percent (from 6.6 percent in 2015).
- The latest data show the economy grew by 3.7 percent in 2017, driven by a recovery in agriculture and mining activity.
- Inflation fell to 6.3 percent (year-over-year) in January 2018, from a peak of 26 percent in November 2016.
- A tight monetary stance, coupled with exchange rate appreciation, contributed to the steep fall in inflation.
Economic outlook and risks
- The outlook is described as challenging.
- Absent further policy action:
- Real GDP growth is expected to further decline over time.
- Inflation would remain at current levels.
- The fiscal deficit would expand.
- Public debt would further accumulate.
- Crowding out of the private sector would increase.
Sectoral notes
- Agriculture: recovery contributed to growth in 2017.
- Mining: recovery contributed to growth in 2017.
- No further sectoral quantitative details are provided on the page.
Policy implications (implicit from staff assessment)
- Continuation of a tight monetary stance has helped reduce inflation.
- Additional policy action is needed to prevent declining growth, expanding fiscal deficits, and rising public debt that could crowd out the private sector.
Publication metadata and identifiers (from the landing page)
- Publication date: March 7, 2018
- Pages: 92
- Volume: 2018
- Issue: 065
- Series: Country Report No. 2018/065
- DOI: https://doi.org/10.5089/9781484345597.002
- Stock No: 1MOZEA2018001
- ISBN: 9781484345597
- ISSN: 1934-7685
Republic of Mozambique: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Mozambique, March 7, 2018.
Content in this bundle
- Country Report