Mozambique, over the last two decades, has experienced explosive growth, with an average GDP growth rate of almost 8 percent between 1997-2015. Not only that, but, for the most part, Mozambique has a track record of solid macroeconomic policies, like controlling inflation, reducing current account deficit, and lowering the country’s dependence on aid. Like many other sub-Saharan African countries, though, the rapid growth rate has not transformed into substantially decreasing poverty rates. Indeed, while Mozambique’s poverty rates fell dramatically from 1997-2003, many experts attribute that trend to post-war recovery from the civil war that ended in 1992, no clear progress seems to have been made from 2003-09.
http://www.brookings.edu/blogs/africa-in-focus/posts/2016/04/25-unpacking-labor-trends-growth-mozambique-golubski
No comments:
Post a Comment