Mozambique Economy Picking Up

The Mozambican economy has been showing signs of revival, with the economy accelerating, the currency gaining value and international reserves being restored after a difficult year in 2016, analysts indicate, macauhub reported. The World Bank stated in its recent “Mozambique Economic Update” study that since the slowdown, metical depreciation and inflation in year 2016, “early trends in 2017 show signs of improvement”. Besides acceleration of the gross domestic product growth rate in the first quarter to 2.9%, the metical strengthened by 28% in the first nine months compared to the US dollar, due to “strong monetary policy response” which “also helped inflation to slowly begin easing”.