Angolan parliament approves 2020 budget with estimated oil price $55/barrel – state news agency

LONDON (Reuters) – Angola’s parliament approved a 2020 budget on Thursday which estimates the average oil price at $55 a barrel, the state news agency for Africa’s second-biggest oil exporter ANGOP reported.

The projection is “a conservative strategy to protect the country if oil market volatility movements are unfavourable”, the agency cited the budget as saying.

Real GDP growth was predicted to be 1.8% and inflation 24%.

Reporting By Noah Browning; Editing by Hugh Lawson

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