Source: ECO | Oct 01, 2018

Fitch Solutions foresees Angolan GDP to drop to 1.5%

Angola's real GDP growth was revised downwards to 1.5% from 2.8%. For 2019, the growth of GDP should achieve 2.3%, in comparison to the previously expected 2.6%, and for 2020 GDP should grow 2.6%

GDP growth was reviewed on the 20th of September, below expected, for Angola, by the consulting company Fitch Solutions. From the expected 2.8% growth, the country is now expected to have a 1.5% GDP growth this year given the growing tendency for the declining trend witnessed in oil production. “We…