01800cas a2200241 a 4500 AALejournalIMF017411 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475575620 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Angola : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Angola. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (70 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2016 Article IV Consultation highlights that the oil price shock that started in mid-2014 has substantially reduced Angola's fiscal revenue and exports. Growth was estimated to come to a halt in 2016, with the nonoil sector contracting by 0.5 percent, dragged down by the industrial, construction, and services sectors. Industrial production, despite the potential for import substitution, was constrained by shortages of imported inputs owing to limited availability of foreign exchange. The current account deficit, which peaked at 10 percent of GDP in 2015, is projected to be halved in 2016-17, as imports continue adjusting to limited availability of foreign exchange. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/039 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/039/002.2017.issue-039-en.xml IMF e-Library