Country Forecast Angola May 2011 Updater - a new market research

(live-PR.com) - Reportlinker.com announces that a new market research report is available in its catalogue.

More information regarding this report:Country Forecast Angola May 2011 Updater

Angola at a glance: 2011-15
+

OVERVIEW

The president, Jose Eduardo dos Santos, and his ruling party, Movimento Popular de Libertacao de Angola, have fully consolidated their

 

hegemony over the Angolan political system. The Economist Intelligence Unit expects Mr dos Santos to remain as president at least until the next legislative election is held in 2012, and probably longer under the new constitution adopted in early early 2010. The government is implementing an IMF stand-by arrangement worth an estimated US$1.4bn, which has marked a new era in relations with the Fund. Rising oil production, together with the start-up in 2012 of a large liquefied natural gas project, will boost real GDP growth to an average of 8% in 2011­13, before moderating to an average of 6.2% in 2014-15. Average inflation will remain relatively high throughout the forecast period, although, assuming that price control adjustments start to address underlying distortions, we forecast that inflation will start to fall moderately in 2012-15.

Key changes from last month

Political outlook

At the MPLA's party congress at the end of April, Mr dos Santos refrained from any mention of the succession issue. His conspicuous silence on this matter can probably be taken as an indication that he is planning to remain in office beyond the 2012 elections.

Economic policy outlook

Mr dos Santos has promised "large-scale" spending programmes before the elections to address some of the main causes of popular discontent. However, a big jump in spending could set the government on a collision course with the IMF, particularly if a renewed fall in oil prices starts to eat into the fiscal surplus.

Economic forecast

We expect the current account to register a surplus of 2.1% of GDP in 2011, before moving back into deficit in 2012. Heavy demand for capital goods imports will be a feature of the entire forecast period. A sharper than expected fall in oil prices remains the main downside risk for both the current account and the kwanza.
(rlk1-2012-04-14) rlp

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Angola's business environment at a glance

Policy towards private enterprise and competition

Policy towards foreign investment

Foreign trade and exchange controls

Taxes

Financing

The labour market

Infrastructure

Fact sheet

Outlook for 2011-15: Political stability

Outlook for 2011-15: Election watch

Outlook for 2011-15: International relations

Outlook for 2011-15: Policy trends

Outlook for 2011-15: Fiscal policy

Outlook for 2011-15: Monetary policy

Outlook for 2011-15: Economic growth

Outlook for 2011-15: Inflation

Outlook for 2011-15: Exchange rates

Outlook for 2011-15: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions

Global data

Domestic data

Abbreviations