Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

According to INE data, GDP fell 8.8% in the second quarter of this year, in year-on-year terms;
In the first half of the year, the Government recorded a budget surplus worth AOA 88.7Bn, equivalent to approximately 0.5% of GDP;
In an interview with Expansão, the central bank governor indicated that there should be no increase in interest rates in the near future, given its "perverse effects", worsening credit conditions.

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BFA

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