Angolan economy grows between 1% and 1.5% in 2023, penalized by oil performance – BFA

The Angolan economy is expected to grow between 1% and 1.5% in 2023, penalized by the oil sector's performance, which is expected to fall by more than 6 percent, estimates the economic studies office of Banco Fomento Angola (BFA).

For 2023, the non-oil economy should grow similarly to 2022, between 3.8% and 4.3%, while the oil economy should register a significant drop between 6.1% and 6.6%, highlighting BFA in a report to which Lusa had access.

"Thus the economy as a whole should grow between 1 and 1.5%" in 2023, according to. . .