BFA - Economic Report

Dear subscriber [name],

Please find attached the 2Q 2025 Economic Report.

Highlights:

• The impact of Trump's tariffs on Angola will be mainly indirect;

• The Angolan economy recorded growth of around 4.4% in 2024;

• The DRC tests its influence in the Cobalt market, suspending its own production;

• Markets down after the United States' “Liberation Day”.

Best regards,
BFA

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