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Mozambican PM bets on 5.3 pct GDP growth in 2018
Update time: 2017-12-15 00:00:00 [Large  Small]

【 Portugal 】

Prime Minister Carlos Agostinho do Rosário has expressed confidence that Mozambican gross domestic product will expand by 5.3 percent next year, in spite of economic difficulties, AIM reports.

The Mozambican news agency quotes the prime minister as predicting that output and productivity will increase, particularly in agriculture, which employs most of the population.

He said the government would use its money more effectively.

And he said slower inflation would allow interest rates to be cut.

The report says the prime minister made these remarks while the Mozambican legislature was debating the budget bill for next year.

The bill envisages inflation slowing to 11.9 percent next year from 16.65 percent last month, AIM says.

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