By Henrique Almeida
LUANDA, Jan 27 (Reuters) - Angola's economy could grow less than 6.3 percent in 2009, well below the double-digit growth that has sustained the oil-producing African nation since 2002, analysts said on Tuesday.
Angola, which rivals Nigeria as sub-Saharan Africa's biggest oil producer, has averaged 15 percent a year GDP growth since the end of a civil war in 2002, making it one of the world's fastest growing economies.
It has lured billions in foreign investment.
But Alves da Rocha, a leading Angolan economist, said weakness in the global economy and a sharp drop in oil prices should put the brakes on growth and hamper government plans to rebuild the country and improve the lives of ordinary Angolans.
Showing posts with label Growth. Show all posts
Showing posts with label Growth. Show all posts
Wednesday, 28 January 2009
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