Angola: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola
November 3, 2015
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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. 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. Growth is projected to remain stable at 3.5 percent in 2016, with the oil sector growing by about 4 percent. The non-oil sector is expected to show a small improvement.
Subject: 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
Pages:
66
Volume:
2015
DOI:
Issue:
301
Series:
Country Report No. 2015/301
Stock No:
1AGOEA2015002
ISBN:
9781513542218
ISSN:
1934-7685
