Finweek English Edition - - IN BRIEF -

Flood-re­lated dam­age and re­build­ing fol­low­ing the floods in Mozam­bique is likely to shave 0.2%-0.5% from the coun­try’s es­ti­mated growth of 7.5% this year, Moody’s said. The weaker GDP growth will put the coun­try’s fi­nances un­der more pres­sure and add to its debt lev­els, with the gov­ern­ment deficit ex­pected to ex­ceed 7.5% of GDP, the rat­ing firm said.

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