Africa Economic Outlook Home-grown and external headwinds to slow growth Sub-Saharan Africa is set to record its weakest growth this year, outside of the pandemic, since 2016 as the drags from domestic headwinds are exacerbated by a less favourable external environment... 13th June 2023 · 3 mins read
Africa Economic Outlook Domestic woes to drag down growth Homegrown problems in Sub-Saharan African economies exacerbated by external headwinds are likely to curtail growth this year. We think that regional GDP will expand by 2.3%, which is well below the... 31st March 2023 · 24 mins read
Africa Economic Outlook Region’s vulnerabilities crystallising The challenging external backdrop means that growth across Sub-Saharan Africa is likely to slow in 2023, and by much more than most expect. Currencies are likely to weaken and public debt fears will... 19th December 2022 · 3 mins read
Africa Economic Outlook Storm clouds gathering Sub-Saharan Africa has suffered particularly heavily from the pandemic and then spillovers from the war in Ukraine, and the global recession will only add to the headwinds. Taken together with tight... 25th October 2022 · 24 mins read
Africa Economic Outlook Debt problems come to the fore Sub-Saharan African economies are suffering heavily from the spillovers from Fed tightening and the war in Ukraine. Policy in the region is likely to tighten further as a result, weighing on growth... 26th July 2022 · 24 mins read
Africa Economic Outlook Debt problems building Sub-Saharan Africa’s recovery is likely to remain slow going and our growth forecasts are generally below the consensus. While spillovers from the war in Ukraine will boost a handful of economies –... 4th May 2022 · 22 mins read
Africa Economic Outlook Region to lag behind as debt risks mount Sub-Saharan Africa’s economic recovery from the pandemic is likely to remain one of the weakest of any region over 2022-23 and our GDP growth forecasts are generally below the consensus. The latest... 28th January 2022 · 23 mins read
Africa Economic Outlook Headwinds beyond vaccine woes intensifying Extremely low vaccine coverage continues to cast a dark cloud over recovery prospects in Sub-Saharan Africa and this will be compounded by deteriorations in the terms of trade and tighter fiscal... 27th October 2021 · 22 mins read
Africa Economics Lagging behind Vaccination campaigns across Sub-Saharan Africa will continue to struggle, leaving the region vulnerable to renewed virus outbreaks. This, combined with tight fiscal policy, a slow return of tourists... 5th August 2021 · 22 mins read
Africa Economic Outlook Recovery in slow motion Slow vaccine rollouts, tight fiscal policy and weakness in tourism sectors will hold back recoveries across Sub-Saharan Africa. Virus containment measures will probably remain in place for some time... 28th April 2021 · 22 mins read
Africa Economic Outlook Late to the vaccine recovery The second waves of COVID-19 currently ripping through Sub-Saharan Africa will keep economic activity depressed over the coming months and, even once vaccines belatedly reach the region, recoveries... 28th January 2021 · 22 mins read
Africa Economic Outlook Weak recoveries, default risks still high Recoveries across Sub-Saharan Africa will be weak, with the region’s three largest economies – Nigeria, South Africa and Angola – set to fare particularly badly. A rebound in tourism sectors has been... 22nd October 2020 · 22 mins read
Africa Economic Outlook Debt risks growing South Africa, the oil producers (Angola and Nigeria) and tourism-dependent economies (Mauritius, Namibia and Botswana) are all likely to suffer particularly weak recoveries over the coming quarters... 29th July 2020 · 22 mins read
Africa Economic Outlook Steep regional recession, default risks growing Sub-Saharan Africa is set for one of its worst downturns in decades this year. The hardest hit economies are likely to be South Africa (due to its stringent lockdown measures), the large oil producers... 24th April 2020 · 15 mins read
Africa Economic Outlook Another disappointing year Economic growth in Africa is likely to come in at just 3% this year, as the slump that began in 2015 drags on. The limit on regional growth will, again, come from South Africa where hopes for a... 30th January 2020 · 24 mins read
Africa Economic Outlook Africa: Key economies stuck in the slow lane Growth in Sub-Saharan Africa will probably pick up in 2020, but we think that it will be much slower than most expect. The key reason for our downbeat view is South Africa, where we think that weak... 23rd October 2019 · 25 mins read
