| Lower oil production is set to cut Angola’s economic growth in 2014, before a rebound in the oil industry boosts growth next year, the International Monetary Fund (IMF) said Tuesday in its latest assessment of the southern African nation's economy.
"Inflation is at historic lows, international reserves are adequate, and the country has started to save part of its oil wealth for future generations through Angola’s Sovereign Wealth Fund," IMF staff said in the report, noting that authorities in Angola had restored macroeconomic stability after the country was hit hard by the global economic crisis...............................................Full Article: Source
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