Skip to main content

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 investment spending, tight policy, and persistent power problems will prevent the economy from accelerating at all next year. Economic conditions will improve in Nigeria and Angola, but growth will remain weak. Smaller economies, on the other hand, will continue to outperform. Ethiopia, Ghana, and Rwanda will be among the fastest-growing EMs in 2020. Across the region, public debt problems will continue to build.

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