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Home Africa

IMF predicts 2.2% growth for Angola

FurtherAfrica by FurtherAfrica
April 22, 2018
in Africa, Angola, Banking, Economy
Reading Time: 1 min read
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Angola will be the second country in Africa to issue most debt in 2018
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The International Monetary Fund (IMF) has once again analysed Angola’s economic perspective and predicted a growth of about 2.2 per cent for this year and 2.4 per cent for next year.

The information comes on the World Economic Outlook publication released this April 17, in Washington, United States of America (U.S.A).

According to the document, the Angolan economic growth in 2017 was of 0.7 per cent.

On the same source it is explained that Angola’s growth is essentially based on the rising trend of the crude-oil price, after the downtrend of the past two years.

The report says that Angola shows signs of speeding up its economic growth, however, its economy is expanding in a way that is still below the average in sub-Sahara Africa.

On the same document it is also stated that the world economic growth may rise to 3.9 per cent this year and the next.

World Economic Outlook is published every three months.

Source: Angop

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Tags: AngolaFeatureGDP GrowthIMFInternational Monetary FundWorld Economic Outlook publicationанголаアンゴラ安哥拉
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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