This information is contained in the Seasonal Bulletin for the period from January to May next year, from the National Meteorological Institute (INAM), released this Monday. The document, which is quoted by "Noticias", points out that in the provinces of Tete, Manica, Sofala, Gaza, Inhambane and Maputo, normal rainfall is forecast, with a tendency to be above normal, while in...
The International Monetary Fund (IMF) predicts that the Mozambican economy will grow by 5% this year, along with Guinea-Bissau, the two best performers among the Portuguese-speaking African countries (PALOP). The IMF's World Economic Outlook Report presented this week states that Cape Verde will grow by 4.7%, São Tomé and Príncipe by 2.9%,...
The central and northern areas of Mozambique could see torrential rain starting today, the National Meteorological Institute (INAM) has said. According to the forecasts, the water could exceed 50 millimeters in 24 hours, which could cause flooding in the most vulnerable areas. The rain will be accompanied by thunderstorms and wind...
The IMF predicted global growth of 3.1% in 2024, two tenths of a percentage point higher than its October forecast, and said it expected unchanged growth of 3.2% in 2025. The historical average for the period 2000-2019 was 3.8%. Global trade was expected to expand by 3.3% in 2024 and 3.6% in 2025,...
Forecasts by the World Bank (WB) indicate that Mozambique's Gross Domestic Product (GDP) could grow by 5% in 2024 and 5% in 2025. The forecast is optimistic when compared to the 5.5% growth expected by the government, according to the Economic and Social Plan and State Budget for 2024. Meanwhile, estimates from the Bank...
Artificial Intelligence (AI) is evolving all the time and is equipped with functionalities that until recently would perhaps have been unimaginable. The fact is that, while it has been possible to predict births for some time, even without the use of AI, AI now makes it possible to predict dates of death and the risk of death arising from...
Oxford Economics Africa today (26) revised upwards its growth forecast for Mozambique this year, from 4.4% to 5.1%, due to "surprising data" on the evolution of the economy in the third quarter. "Mozambique's economic growth in the third quarter was higher than expected, essentially due to the continued increase in production...
The Mozambican government forecasts economic growth of 5.5% for 2024, higher than estimated for this year, and an inflation rate of 7.0%, and expects to maintain a "conservative" monetary policy next year. In the documents supporting the proposal for the Economic and Social Plan of the State Budget (PESOE) for 2024, which Lusa...
The World Bank (WB) predicts that the national economy will reach a growth rate of 5% this year. The rate represents a one percent reduction in growth projections. Mozambique will only grow by 5% this year, according to the WB's projections in its latest Global Economic Prospects report. These projections...
Consulting firm Fitch Solutions estimates that Mozambique's Gross Domestic Product (GDP) will grow by 5.3% this year and accelerate to 6.5% in 2023, mainly due to investment in the natural gas sector. "We anticipate that Mozambique's real GDP will accelerate from an estimated 2.2% in 2021 to 5.3% in 2022, mainly driven by investment...