Expectations: The economy will continue to depend on oil, but the overall picture is positive, as predicted by the Economist Intelligence Unit, which sees Joao Lourenço trying to change the law to run again in 2027.
Eliminate corruption and improve living standards to restore lost popularity. These, in the concept of “Angola Outlook”, under the responsibility of the Economist Intelligence Unit, are the priorities for that African country. Economic diversification will be a fundamental pillar of these priorities on the one hand, and on the other hand, reaching a new understanding between the state’s priorities and the positioning of the private sector. This comes in a context in which this diversification, although not new, has not witnessed the developments expected by international observers.
Economist Intelligence, the analysis section of the Economist magazine, believes that João Lourenço and his MPLA party “will maintain power” during the period 2024-2028, “due to their strong control over the state apparatus.” Hopefully, João Lourenço will run for a third term (exceeding the two-term limit in the constitution) and win the 2027 elections, but these elections are unlikely to be free or fair.
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