This brief provides a concise update on Mozambique's economy. Statistics indicate that Mozambique's economy registered a strong growth of 8.1 percent per annum in the third quarter of 2013. The 2014 state budget was approved with a large increase in public spending. The Bank of Mozambique has lowered policy rates to a record low, leading to growth in credit to the private sector. While the Metical remained stable against the US Dollar until the end of December, there has been a slight annual depreciation. This trend in part reflects the effects of the strengthening of the latter in international markets.