"Angola Infrastructure Report Q4 2014" Published
We have downgraded our five- year growth outlook for Angola's construction sector by about four percentage points to reflect the impact of capacity constraints on government spending. High growth expectations from major investment plans under the control of the government, including the USD55bn FY2014 budget and the 2013-2017 National Development Plan, have as such been eroded partially by concerns over budgetary execution. However, we maintain a broadly positive outlook for the industry, with growth to peak over the five year...
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