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Angola’s economy to grow by 2.6% on average in 2019-2023 (EIU)  

Monday, 28 January 2019 16:00
Angola’s economy to grow by 2.6% on average in 2019-2023 (EIU)  

(Ecofin Agency) - Angola’s economy should record average growth of 2.6% in the four coming years, a report published by the Economist Intelligence Unit (EIU) and quoted by Macauhub last week, reveals.

According to the media, these new outlooks mark the southern African country’s entrance into a period of stronger growth ; higher than the 1.4% average growth recorded between 2014-2018.

The report reveals that this performance will be spurred by the future launch of Kaombo oil field as well as a rise of public expenditures and consumption.

The report also indicates that the expected growth is way below the figures recorded between 2004 and 2014 because of the country’s strong dependency on oil revenues while the diversification strategy initiated by Joao Lourenço since his election has, for the time being, yielded just modest results.

Let’s note that the EIU expects a decrease of the per capita income in the country by 2023.

Moutiou Adjibi Nourou

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