Skip to main content

Africa: Growth will pick up, despite faltering Nigeria

After a very weak 2018, we expect that growth in Sub-Saharan Africa will strengthen this year. The major oil exporters will, of course, suffer the effects of lower oil prices and our growth forecasts for Nigeria and Angola are below-consensus. But most economies in the region will benefit from lower oil prices. Indeed, this is one reason why South Africa’s cyclical recovery will probably strengthen this year. Currencies are likely to fall against the dollar this year, but by less than in 2018. And inflation should ease. That’s likely to bring interest rate cuts back onto the agenda in South Africa.

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