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Higher economic growth forecast

    JOHANNESBURG
    The Economist Intelligence Unit (EIU) has predicted that the recovery of world oil prices would nudge up Angola's real GDP growth rate to 2 percent in 1999 and 3 percent in 2000 despite the ongoing civil war. The government's budget was predicated on an oil price of US $9 per barrel but prices are expected to average US $14 in 1999. Oil earnings are forecast to increase from US $3.1 billion in 1998 to US $3.8 billion in 1999 and to US $4.6 billion in 2000. In its latest report, the EIU said inflation is "tentatively" expected to increase to an average of 250 percent for this year.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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