The IMF projects Angola’s economy to grow by 2.6% in 2024, revising down the 2023 growth estimate to 0.5% due to a 6.1% contraction in the oil sector and slower non-oil sector growth at 2.9%. Angola’s inflation rose to 20% YoY by December, influenced by the Kwanza’s depreciation and reduced fuel subsidies. The country’s public debt ratio escalated to approximately 84% of GDP, reflecting the currency’s depreciation and underlying economic vulnerabilities.