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Vol 55 No 12

Published 13th June 2014


Angola

Alarm as oil production falls

Falling output is affecting the economy but it’s unlikely to change the habits of the elite

The policy of 'de-dollarising' the economy has gained unexpected momentum as a dip in oil production reduces the availability of the US dollar. The budget and much-needed infrastructure projects could suffer as a result, supporting the argument that a diversified economy is essential for sustained growth.

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