Publication: Angola Economic Update, June 2014
Date
2014-06
ISSN
Published
2014-06
Author(s)
World Bank
Abstract
Angola's economy decelerated in
2013 due to the weak performance of the oil sector but the
non-oil economy expanded rapidly. Similarly, lower oil
related export earnings and higher imports narrowed the
current account surplus. Enhancing export competitiveness
and implementing tax related reforms will reduce the
co-movement between the current account and the fiscal
account balances. Expanded agricultural output and lower
food import prices helped curb the inflation rate to a
single digit. While the non-oil economy expands, maintaining
the observed level of international reserves will help
shield the country from potential oil price fluctuations.
This economic update analyzes recent economic developments
in Angola and situates them in a medium-term global context.
It evaluates the implications of macroeconomic trends and
policy reforms in terms of the government's stated
development objectives.
Citation
“World Bank. 2014. Angola Economic Update, June 2014. Angola economic update;no. 2. © Washington, DC. http://hdl.handle.net/10986/19314 License: CC BY 3.0 IGO.”