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Headline: Moving onto the radar screen Source: Euromoney Date: February 2000 Author: Michael Peterson Last month Adriano Maleiane, Mozambique’s central bank governor, announced the Banco de Moçambique’s latest estimates for the country’s GDP growth in 1999. Mozambique’s economy, he said, grew at a world-beating 10% last year. That gives this former Portuguese colony in southern Africa three years in a row of double-digit growth rates and almost certainly the world’s highest rate of economic growth last year. Perhaps even more impressive is the fact that this rapid growth has been achieved at a time of fast-falling inflation. |
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