Late rains may curb food production in the two nations, where agriculture generates about a third of the gross domestic product Replica watches, Johannesburg-based Mhango wrote in an e-mailed note. This will â€śby implication push up prices,â€ť she said.
Mozambiqueâ€™s 2012 economic growth is estimated to be from 6.5 percent to 7 percent compared with the 7.5 percent projected by the IMF, while growth in Malawi, whose biggest foreign- currency earner is tobacco, is expected to â€śfall short of 4 percent versus the IMFâ€™s forecast of 4.2 percent,â€ť she wrote.
Mozambiqueâ€™s national inflation rate declined to 6.14 percent in December compared with 8.6 percent a month earlier, the National Institute of Statistics said on Jan. 5. In Malawi, the worldâ€™s biggest producer of the burley variety of tobacco, prices increased 8.9 percent in November from 8.1 percent a month earlier, the statistics office said on Dec. 20.
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