PESA Editorial on Angola: 1H2023/24

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• Create Date December 8, 2023
• Last Updated December 16, 2023

Angola’s economy has had a mixed recovery from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The National Bank of Angola (BNA) does not have an explicit inflation target and its transition to an inflation-targeting regime is still in progress. The Government of Angola has followed prudent fiscal policy by raising government spending during economic downturn and decreasing public spending during economic recovery. Angola’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 and benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict. Angola held its most recent national elections in August 2022. Angola's political landscape remains relatively stable, with the ruling MPLA maintaining its dominant position. Read more accurate and balanced analysis of the political economy in Angola here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-angola-1h2023-24/.