Country Economic Forecasts - Angola
The economy contracted yet again in Q3 2018, albeit by a smaller margin than in H1. On a cumulative basis, the struggling Angolan economy contracted by 2.7% y-o-y during Q1-Q3 2018. Taking into account the latest growth data for Q3 and the positive revisions to H1 2018 data, we estimate that the Angolan economy contracted by 2.5% in 2018. This is subject to the assumption that economic output was slightly worse in Q4 than in Q3.
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