During the Economic Briefing, an annual event that brings together businesspeople, economists and government representatives to discuss Mozambique’s economic outlook, the country’s macroeconomic environment was highlighted as relatively stable, with an index of 48%. The information was released by Eduardo Sengo, Executive Director of the Confederation of Economic Associations of Mozambique (CTA), who discussed the main factors that contributed to this result and the outlook for the future.
According to Sengo, the maintenance of a stable macroeconomic environment is mostly due to the slowdown in inflation and the continued reduction in interest rates, which together have created a more favorable climate for economic growth. He pointed out that inflation, which had been a major concern in recent years, is finally under control, which has brought relief to both consumers and investors.
“The monetary policies implemented in recent quarters have proved effective in containing inflation, which has allowed us to see a reduction in pressures on the cost of living and greater predictability in business,” said Sengo during his presentation.
Although the current scenario is one of growth, Sengo stressed that there are still challenges to be faced. The need for economic diversification was one of the central points of his speech, with an emphasis on the importance of developing sectors such as agriculture and manufacturing, which are crucial for the sustainability of long-term economic growth.
