Mozambique Sees Higher Economic Growth in 2013

Mozambique Sees Higher Economic Growth in 2013

From Star Africa

The Mozambican economy grew by 6.5 percent in the first half of this year, compared with the same period in 2012, the government said late on Monday.

In its balance sheet on the 2013 Economic and Social Plan presented on Monday at a session of the Development Observatory, which brings together representatives of the government, civil society and the international community, the document showed that the strongest areas of growth were financial services (23.3 percent), mining (22 percent) and government services (16.2 percent), all well in excess of their annual targets of 17.7, 18.6 and 4.1 percent respectively.

The agriculture and livestock sector grew at 5.3 percent (compared with an annual target of 4.6 per cent). Other sectors had been disappointing with electricity production falling by 22 percent, instead of growing by 5.7 percent as earlier forecasted.

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