Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Data from the Ministry of Finance confirmed the slight drop in oil production in January and February;
In the financial markets, the economic impacts of the pandemic and confinement are being processed: for example, the March Eurozone PMI index posted the lowest level ever, at 31.4 points, which corresponds to "a drop in quarterly GDP close to 2%";
In the financial markets, the economic impacts of the pandemic and confinement are being processed: for example, the March Eurozone PMI index posted the lowest level ever, at 31.4 points, which corresponds to "a drop in quarterly GDP close to 2%";
Inflation accelerated again in early 2020, with monthly price increases of 2.1% in January and 1.7% in February;
In the foreign exchange market, there was a significant depreciation last week, with the Kwanza losing 4.0% against the Dollar;

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BFA

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