Mozambique: Consultancy forecasts 30% metical devaluation in Q1 2027

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The consultancy firm Oxford Economics forecasts a 30% devaluation of the metical in the first quarter of 2027, while warning that Moody’s recent downgrade of Mozambique’s credit rating reflects “a worrying situation” in public finances. “We are very pessimistic about the macroeconomic outlook for Mozambique, particularly with regard to public finances and monetary stability; the… Source