The International Monetary Fund forecasts that annual growth in Angolan gross domestic product will accelerate to 2.25 percent this year from 1 percent last year, Reuters reports.
“The Angolan economy is experiencing a mild recovery,” the news agency quotes an IMF official, Ricardo Velloso, as telling reporters in Luanda. “The new administration is rightly focusing on restoring macroeconomic stability and improving governance.”
Mr Velloso added: “Over the medium term, the outlook is for continued gradual recovery in economic activity. But there are risks, including a decline in oil prices and slippages in implementation of the structural reforms to promote economic diversification.”
The IMF forecasts that the annual rate of consumer price inflation in Angola will accelerate to 24.75 percent by the end of this year from 22.72 percent in January, Reuters says.
