Bloomberg News

Mozambique’s Economy May Expand 7.25% This Year, IMF Says

June 28, 2011

June 28 (Bloomberg) -- Mozambique’s economy will probably expand 7.25 percent this year and inflation may slow to less than 10 percent, the International Monetary Fund said.

The southern African nation’s economic growth could accelerate from about 6.5 percent in 2010 and remain at an average 8 percent in the “medium term,” the Washington-based institution said in an e-mailed statement late yesterday.

The IMF supported the government’s intention to tighten fiscal and monetary policy as needed to ease inflation, it said.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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