As the decline in the prices of oil continues to hit Angola, the country anticipates growth for 2016 to decrease to 3.3%.

"The government is expecting the price of a barrel of oil to drop to 45 dollars, taking into account the volatility of this product in the international market," Finance minister Armando Manuel (photo) told Reuters, giving details on government's subdued growth forecast.

Whilst addressing the parliament on behalf of the president last week, Vice President Manuel Vincent had cut this year’s forecast from 6% to 4%.

"The country is still economically viable and our deficit is moderate," Manuel stated.

Angola’s economy is currently under continuous pressure since the decline in the prices of oil last year. The country however depends on exports, for two-thirds of revenue from tax and 95% of foreign currency receipts as Kwanza weakened more than 30%.