Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.




  •  The Angolan economy declined for the fourth year in a row in 2019, having dropped 0.9% last year, according to INE figures;

  •  The IMF forecast, updated last week, points to a recession of 1.4%, and our expectation is of a more severe scenario;

  •  Yearly inflation rose to 19.6% in March, the 5th consecutive month of increase and the highest value since May 2018;

  •  According to data collected independently by OPEC, Angola produced around 1.40 million barrels per day (mbd) in March (-3.1% yoy);

  •  On international markets, Brent is trading today at around USD 27, 3-4 USD below the levels of the previous week;

  •  In the foreign exchange market, the Kwanza depreciated 0.3% against the Dollar and appreciated 0.18% against the Euro.

Best regards,

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