Angola Economy to Grow Estimated 7% in 2012 as Oil Output Gains

Angola’s economic growth will probably accelerate to about 7 percent this year because of higher oil production, according to the head of Angola’s Catholic University macroeconomic-studies department.

The economy of Africa’s second-biggest crude producer is estimated to have expanded 3 percent in 2011, Manuel Alves da Rocha, a former adviser to the country’s Ministry of Planning, said in a telephone interview today from Lisbon.