(Reuters) - Angola has cut its economic growth forecast for 2007 to 19.8 percent from 31.2 percent, reflecting a drop in oil revenue and appreciation of its currency, the Kwanza, the state-run Jornal de Angola said on Friday.
The reduction in expected GDP growth was announced after Angola's cabinet approved a revised 2007 budget for the southwestern African nation, sub-Saharan Africa's second largest petroleum producer after Nigeria and the newest member of OPEC.
Read more at Reuters Africa
The reduction in expected GDP growth was announced after Angola's cabinet approved a revised 2007 budget for the southwestern African nation, sub-Saharan Africa's second largest petroleum producer after Nigeria and the newest member of OPEC.
Read more at Reuters Africa
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