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Angola - Quarterly Economic Review - N° 2 February 2013

14-May-2013

The Angolan economy rebounded strongly after several years of low growth attributed to the lingering effects of the global financial crisis. Real gross domestic product (GDP) grew at an estimated rate of 8 percent (up from 3.9 percent in 2011) on account of strong performance of energy, transportation and construction sectors. Year-on-year inflation declined from 11.4 percent in 2011 to 9.02 percent in December, 2012, helped by a stable exchange rate and fuel price subsidies, and reached unprecedented single-digit values for the first time in a decade.

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