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Lusa - Business News - Macau: GDP declines 2.5% in H1, 2019
Macau, China, Aug. 23, 2019 (Lusa) - The Macau government admitted on Friday that the territory's economy may continue to...
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وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قالت اليزابيث قسطنتينو المسؤولة الكبيرة في وزارة الصحة أنه لا يزال هناك أربعة أشخاص يتلقون العلاج في قبرص بسبب فيروس...
Lusa - Business News - Mozambique: Japan loans €40.6M for maintenance of Maputo electricity plant
Maputo, Aug. 23,2019(Lusa)-Japan lent the equivalent of €40.6 million to Mozambique on Friday for maintenance and management of the Maputo...
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قال المتحدث الرسمي باسم الحكومة برودروموس برودرومو أن التصريحات التي أدلى بها الرئيس التركي رجب طيب اردوغان بشأن القضية القبرصية، "أدت...
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وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح وزير الداخلية قسطنطين بيتريدس أنه سيتم توزيع 4.7 مليون يورو على 103 بلدية وإدارة محلية في جميع أنحاء قبرص...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - East Timor: Veteran journalists call on new generation to work for development
Dili, Aug. 23, 2019 (Lusa) – Two East Timor journalists who 20 years ago played a role in the process...
Lusa - Business News - Mozambique: US bank to provide €4.5B for natural gas projects
Washington, Aug. 23, 2019 (Lusa) - The US Export and Import Bank (EXIM) is to propose to the US Congress...
Lusa - Business News - Portugal: PSI20 opens 0.23% up at 4,867.41 points
Lisbon, Aug. 23, 2019 (Lusa) – The Lisbon stock exchange opened in positive territory on Monday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Friday
Lisbon, Aug. 23, 2019 (Lusa) – The fall-out from the last truckers’ strike and the planning against another one are...
Lusa - Business News - Angola: Diamonds, agriculture to drive 1.2% growth this year, 3.2% next - AfDB




Abidjan, Ivory Coast, Jan. 18 (Lusa) - The African Development Bank (AfDB) forecasts Angola's economy to grow by 1.2% this year and 3.2% in 2020, after shrinking by 0.2% in 2017 and 0.7% last year, in its latest African Economic Outlook.
According to the report, which was presented on Thursday in Abidjan, the economic capital of Ivory Coast.
The recovery will be driven mainly by the production and export of diamonds, which should grow by 8.2%, agriculture (5%) and construction (2.1%), the report’s authors predict in the part dedicated to Angola, in which they also say that the current exchange-rate regime may end up eliminating the difference between the official and parallel exchange rates.
In its analysis of the main macroeconomic indicators, the report recalls the link between the decline in oil prices, which more than halved revenues between 2014 and 2017, and the beginning of Angola’s economic crisis. It also warns of the danger of high indebtendess.
Public debt, which is mostly external, increased from the equivalent of 40.7% of gross domestic product in 2014 to an estimated 80.5% in 2018, it notes, saying that this raises concerns about its sustainability.
Angola, the AfDB says, despite being a Portuguese-language country “sandwiched” between English and French-speaking ones, plays a vital role in southern Africa, as it a member of the Community of Portuguese-Language Countries (CPLP) and also the Southern African Development Community (SADC), as well as having signed the agreement on the creation of an African Free Trade Zone (AFTZ) also known as the African Continental Free Trade Area (AfCFTA).
Praising the government’s "efforts to open borders", new private investment laws and new regulations that aim to improve governance and the business environment, the AfDB stresses that Angola’s high dependence on oil exports for revenue remains one of the main risks to the outlook for economic development.
However, it says that these prospects are also linked to implementation of the government’s two medium-term plans, the Macroeconomic Stability Programme and the National Development Plan.

MBA/ARO // ARO.
Lusa



Agency : LUSA

Date : 2019-01-19 10:05:10







 

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