Skip to main content

A Multispeed Recovery

GDP figures released this month showed that the economic fortunes of Africa’s largest economies diverged in Q2. South Africa’s economy rebounded after a brief recession at the turn of the year. While investment spending remained weak, strength elsewhere in the economy pushed headline GDP growth to a fourquarter high. In Nigeria, by contrast, growth disappointed in Q2. The economy did exit recession, but the very weak performance of the non-oil sector held back headline growth. Among Africa’s smaller economies, recent news was more positive. Growth in Ghana surged in Q2. Recent activity data from Angola, Ethiopia, Zambia, and Uganda all pointed to stronger performances in recent months.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access