Economy
Highlights
Oxford Economics cuts economic growth forecast from 2.9 to 1.6 percent this year
Consultancy Oxford Economics has revised down its forecast for Angola's economic growth this year, from 2.9 to 1.6 percent, due to the expected 6.6 percent drop in oil production.
IMF recommends measures to address “critical need” to diversify the economy
The International Monetary Fund (IMF) recommends that Angola, in order to diversify its economy, improve infrastructure, take measures to develop human capital and eliminate barriers to private sector access to credit.
Alves da Rocha considers downward revision of economic growth to be natural
Economist Alves da Rocha considered the IMF's downward revision of national economic growth to be “natural and predictable” due to the country's “lack of resilience” to maintain a certain rate of growth.
