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Mozambique Economic Update, October 2018 : Shifting to More Inclusive Growth.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Economic Updates and Modeling
- Language:
- English
- Subjects (All):
- Economic growth.
- Fiscal and monetary policy.
- Inequality.
- Macroeconomics and economic growth.
- Monetary policy.
- Poverty reduction.
- Productivity.
- Local Subjects:
- Economic growth.
- Fiscal and monetary policy.
- Inequality.
- Macroeconomics and economic growth.
- Monetary policy.
- Poverty reduction.
- Productivity.
- Other Title:
- Mozambique Economic Update, October 2018
- Place of Publication:
- Washington, D.C. : The World Bank, 2018.
- System Details:
- data file
- Summary:
- Mozambique is beginning to emerge from a period of elevated macroeconomic volatility two years after hidden debt revelations triggered a significant economic downturn, but with a reduced capacity for growth. Having averaged near 8 percent between 2005 and 2015, GDP growth dropped to 3.7 in 2017 and is projected to fall further to 3.3 percent in 2018 as slower growth in coal production is expected to offset any modest upturn in manufacturing and services. Fiscal consolidation is making progress, but debt levels continue to be a concern. In an analysis of the structure and drivers of Mozambique's growth over the past two decades, the report notes that progress in reducing poverty levels have come as the expense of rising inequality. Therefore, shifting the growth model to broaden the drivers of growth and to raise productivity in sectors with the highest employment potential is a primary challenge facing Mozambique's policy makers today.
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