Country Economic Forecasts - Angola
GDP figures for Q2 2019 revealed that the economy is in recession again, dashing any optimism that still existed in the wake of the positive Q4 2018 GDP report. Real GDP decreased by 0.2% y-o-y during H1 2019, mainly due to declining oil production and softer international oil prices. We have lowered our growth forecast to -1.0% (from -0.5% previously) in 2019, which means we expect the fourth straight annual real GDP contraction.
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