Mozambique’s Economy Shrunk Most in Seven Years on Vote Unrest

Mozambique’s economy contracted the most in at least seven years in the fourth quarter, after post-election protests shuttered business activity.

Gross domestic product declined 4.9% in the three months through December from a year earlier, compared with a 3.7% rise in the prior quarter, the National Statistics Institute said in an emailed statement Thursday. The slump was even bigger than one at the height of the Covid-19 pandemic in 2020.