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Analysis by Region - Emerging Markets - Angola

Publisher Oxford Economics
Published Dec 01, 2025
Length 7 Pages
SKU # OFE20650303

Description

An oversupply of oil will stifle Angola's economic growth next year. Sustained increases in oil production by major producers have weighed on oil prices in 2025, and the downward trend is expected to continue in 2026. We currently project that Brent crude prices will average $64 pb in 2026, with Angola's oil-dependent economy growing at a modest 2.8%. However, there are notable downside risks to our oil-price outlook, and new developments could drive Brent crude prices – and by extension, real GDP growth – much lower next year.

Table of Contents

7 Pages
Angola: Oil supply glut will dampen the economy next year
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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