European Parliament Library

Angola :, 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola

Label
Angola :, 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola
Language
eng
Abstract
This 2016 Article IV Consultation highlights that the oil price shock that started in mid-2014 has substantially reduced Angola’s fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector contracting by 0.5 percent, dragged down by the industrial, construction, and services sectors. Industrial production, despite the potential for import substitution, was constrained by shortages of imported inputs owing to limited availability of foreign exchange. The current account deficit, which peaked at 10 percent of GDP in 2015, is projected to be halved in 2016–17, as imports continue adjusting to limited availability of foreign exchange
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Angola :
Nature of contents
dictionaries
Series statement
IMF Staff Country Reports
Sub title
2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola
Classification
Other version