MOZAMBIQUE: Economy contracts after deadly poll unrest

  Mozambique’s economy shrank in the final quarter of last year following election turmoil, official data showed. The Indian Ocean country’s GDP dropped by 4.87 per cent between October and December compared to the same period in the previous year, according to data from the national statistics body seen by AFP on Monday. One of […]

 

Mozambique’s economy shrank in the final quarter of last year following election turmoil, official data showed.

The Indian Ocean country’s GDP dropped by 4.87 per cent between October and December compared to the same period in the previous year, according to data from the national statistics body seen by AFP on Monday.

One of the poorest countries in the world, Mozambique descended into weeks of deadly unrest after October elections that were disputed by the opposition as rigged.

The violence claimed more than 320 lives and left over 600 wounded, according to the local civil society group Plataforma Decide.

Gross domestic product grew by a mere 1.85 per cent in 2024 as a whole, compared to 5.44 per cent in the previous year, official data showed.