Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Monthly inflation accelerated slightly to 0.9% in February, still below our expectations, and quite close to the 0.8% average of the previous 9 months.
Angola recorded a surplus of USD 11.7 billion on the balance current account, which the BNA estimates to represent 11.4% of GDP, in line with last year's 11.7%, both at levels similar to the previous maximum of 2011.
Brent is in sharp decline, trading at just above USD 70 at the beginning of this week, as a result of fears of bank contagion, now related to the cheap purchase of Credit Suisse by UBS, negotiated over the weekend.

Best regards,
BFA

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