Analysis by Region - Emerging Markets - Angola
Economic growth is gaining momentum thanks to improved stability in the oil sector and robust activity in the trade and transport sectors despite soaring inflation. We forecast a moderate expansion in real GDP of 2.9% in 2024 on the back of the upturn in crude oil production, a resurgence in fiscal spending, and increased fixed investment. However, elevated inflation is thwarting the potential for higher overall economic growth by curbing private consumption growth.
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