Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

• In the 2nd quarter of 2022, the Angolan economy grew by 3.6% compared to the same period in 2021. This is the 5th consecutive quarter of growth, and with the highest pace since the beginning of 2015.

• The non-oil economy likely grew, according to our calculations, by 4.2%, accelerating compared to Q1 2022 (2.9% yoy).

• In the oil sector, there was the second year-on-year growth rate since Q1 2016, because of the slight increase in oil production.

Best regards,
BFA

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