Angola Food & Drink Report Q2 2018
Angola will see a modest recovery in economic growth over 2018 on the back of a modest uptick in oil production andthe government's commitment to reform the country's petro-economy. Although inflation is falling, it remains high and there aredownside risks to its trajectory resulting from kwanza devaluation in January 2018 and the likely further depreciation of the currencygoing forwards. Price-consciousness among Angolan consumers will mean that bread, rice and cereals will continue to form thebasis of consumption habits, and that discount formats will be the outperformers in the country’s mass grocery retail sector.
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