Angola to grow by 1.9 percent in 2019, says IHS Markit

Angola is expected to grow by 1.9 percent in 2019, after three consecutive years of recession.

The consultancy firm, IHS Markit says the prediction is based on the $3.7 billion deal signed late last year between the Government and the International Monetary Fund.

The agreement with the IMF will ease liquidity pressures on Angola’s economy in a short term.

IHS Markit noted that the diversification of the economy combined with the efforts to attract private investments can place the country on the path to sustainable growth.

Advertisement

Angola plans to achieve fiscal sustainability, decrease in inflation and promote flexible and stable exchange regime.

Related posts:

Moody predicts Egypt’s GDP to grow by 5.5 percent in 2019 Uganda Economy to Grow 5.5 Percent in the year ending June 2018 Angola sells $7.6 billion worth of crude in 2019 Drug shortages cripple Angola’s health service LCCI asks Govt. to reduce vehicle import tariff from fifty to fifteen percent Angola’s Sonangol set to reduce staff to focus on core business Angola to refine over 300,000 barrels of crude oil per day Eagles To Face Angola In Quarter Final, Beat Cameroon 2-0