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Angola: Funding the Budget Deficit Amidst the Oil Price Slump
LAGOS, Nigeria, Capital Markets in Africa: Government revises macro scenario for 2016 Economic activity in Angola has slowed considerably in recent years. Real GDP advanced by only 4.8% in 2014 (from 6.8% in the previous year) and 3% in 2015. This is considerably slower than the 10.4% average recorded in the previous decade. The deceleration was particularly reflected in the oil sector, which saw a contraction in activity in 2014 after a strong decline in…
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