Angola’s economy will grow in between 2017 and 2021 after expanding by just 0.6% in 2016, according to the Economist Intelligence Unit (EIU) in its July report on the African country.
The EIU believes that Angola’s adaptation to new oil prices and increased consumption by the government and the private sector will allow economic growth to reach 2.1% by the end of 2017 and 2.4% by 2018.
According to the EIU analysis in the period between 2019 and 2021 Angola’s GDP growth will be 2.5%.
The agricultural sector is expected to grow by 1.7% in 2017 – which will increase in 2018 and 2019 – so that, after a slight fall in 2020, it will return to growth of 2.8% by 2021.
The industrial sector is expected to grow by 1.9% in 2017, rising to 2.4% in 2018 and 2019.
Like the industrial sector the agricultural sector will register a decline of 0.4% in 2020 and return to growth of 2.4% in 2021. (macauhub)