{
  "title": "Angola: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola",
  "publication": "IMF Staff Country Reports, November 3, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/angola-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43374",
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  "summary": "This 2015 Article IV Consultation highlights that the oil price shock is adversely impacting the economy of Angola. While oil production has recovered following the completion of maintenance work, non-oil GDP growth is expected to decelerate to 2.1 percent in 2015.",
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      "heading": "Key findings and outlook",
      "content": "- The oil price shock is adversely impacting the economy of Angola.\n- Oil production has recovered following the completion of maintenance work.\n- Non-oil GDP growth is expected to decelerate to 2.1 percent in 2015.\n- Growth is projected to remain stable at 3.5 percent in 2016.\n- The oil sector is projected to grow by about 4 percent in 2016.\n- The non-oil sector is expected to show a small improvement in 2016.\n- The economic situation in 2016 is likely to remain challenging as international oil prices are not expected to recover and risks are on the downside."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Energy subsidies, Exchange rates, Expenditure, External debt, Foreign exchange, Oil prices, Prices, Public debt\n- Keywords: Africa, baseline debt path, CR, debt, diversification strategy, Energy subsidies, Exchange rates, GDP deflator, Global, inflation expectation, ISCR, liability positions vis-à-vis nonresident, oil price shock, Oil prices, oil revenue, oil wealth, reform revenue administration, revenue, shock\n\n---\n\n Content in this bundle\n\n- cr15301\n  - cr15301 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15301 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Cr15301p\n  - Cr15301p (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr15301p (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 3, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513542218.002",
    "The oil price shock is adversely impacting the economy of Angola.",
    "Oil production has recovered following the completion of maintenance work.",
    "Non-oil GDP growth is expected to decelerate to 2.1 percent in 2015.",
    "Growth is projected to remain stable at 3.5 percent in 2016.",
    "The oil sector is projected to grow by about 4 percent in 2016.",
    "The non-oil sector is expected to show a small improvement in 2016.",
    "The economic situation in 2016 is likely to remain challenging as international oil prices are not expected to recover and risks are on the downside.",
    "Subjects: Energy subsidies, Exchange rates, Expenditure, External debt, Foreign exchange, Oil prices, Prices, Public debt",
    "Keywords: Africa, baseline debt path, CR, debt, diversification strategy, Energy subsidies, Exchange rates, GDP deflator, Global, inflation expectation, ISCR, liability positions vis-à-vis nonresident, oil price shock, Oil prices, oil revenue, oil wealth, reform revenue administration, revenue, shock",
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