-
- View Center
- Economic Research
- Market Strategy
- Critical Issues
- Region
- Topic
-
Log In
Log In to Your Account
You must be logged in to access premium content.
If you are a client, please login now.
If you are a new user, please click here to register.
If you have a Client Code, please enter it here to activate your client account.
Roubini Global Economics, LLC has revised its Terms of Use and Privacy Policy, effective October 1, 2009. A summary of the changes is here. If you do not agree to these changes, please cancel your account immediately. Failure to cancel your account within 30 days of the first time this notice is presented to you will mean that you agree to the changes.
Briefing
Angola: Economic Profile
Critical Issues
Angola: Strong Growth Threatened by Weak Institutions?
Sub-Saharan Africa's Slow Return to Global Markets
Background:
Angola's economic prospects rise and fall with the price of oil. Having opened up its energy sector in 2002 following the end of a decades-long civil war, oil and gas account for about 60% of GDP and almost all of the government's revenue. Oil production rose to 2 million barrels per day in 2008, and for a short period surpassed that of long-time continental leader Nigeria. Until recently, most investment into Angola has come from China, allowing the African national to bypass the conditionality of IMF loans. However, China’s loans came with their own conditions, and Angola has been seeking to diversify its funding sources. In 2009, Angola began seeking funds from the IMF, as well as other bilateral loans.
Angola's growth fell to 0.7% in 2009 due to the economic crisis; however, growth is expected to increase moderately in the medium term. In August 2010, the government admitted to owing US$9 billion to foreign contractors for reconstruction work following the country's civil war. Repayment of these obligations will dampen growth through 2010.
If you are an RGE client please log in to your account.
Access to this content is restricted to RGE clients.
If you have a client code, please enter it here to activate your client account.
Click here for a free trial.
Learn About Our Services:
Our dynamic and intuitive research platform keeps you on top of the extraordinary shifts that transform our global economy, allowing users to uncover unique connections and insights. Discover the resource central banks and that 70% of the world's leading hedge funds, asset managers, PE firms, banks and corporations around the world depend on.
RGE market strategists build on the work of our macroeconomic research team, incorporating market dynamics to answer crucial questions and generate actionable investment recommendations. RGE's Market Research and Strategy team gives clients actionable insight across six key asset classes:
• Currencies • Commodities
• Credit • Equity • Gov’t Bonds / Rates
• Emerging Markets • Financials
• Cross Asset Model Portfolio
Sometimes, reading research is not enough. Many RGE clients participate at the Roubini Direct Access level to gain a deeper understanding of specific issues. Through interactive live sessions, we engage with world-class thinkers, encourage knowledge sharing, idea generation, risk identification and validation of client initiatives.
RESEARCH AND STRATEGY FIXTURES
  |
 |
Top 10 Most Read
Featured Economic Research and Market Strategy
Related Articles
Featured Analysis
Gulf Cooperation Council Outlook: Still Booming, Multispeed
“In the short term, the GCC is poised to benefit from tensions across the Strait of Hormuz as tighter supplies provide space for increased oil exports for much of 2012.”
FEATURED @ RGE
ROUBINI FEEDBACK FORUM
What Do You Think?
Weigh in on Roubini.com's new look or report any problems you encounter.