Angola Food & Drink Q4 2018
Rising oil prices will be the main driver of Angola’s accelerating growth in 2018 and 2019. Increasing inflationarypressures pose a risk to consumer purchasing power in H218 with our forecast for inflation at 20.8% for 2018. We forecast robustgrowth in Angola’s food and drinks markets. Due to low income levels price-conscious consumers make up the majority of Angola’sconsumer market which bodes well for the country’s mass grocery retail discount formats.
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