Skip to main content

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, depressing activity. Meanwhile, some countries, like South Africa and Angola, are turning to austerity to tackle worrying debt trajectories. Debt restructuring is already underway in some places and risks remain high in Kenya and Ghana. Elevated commodity prices will provide support to oil producers (Nigeria, Angola), industrial metal exporters (South Africa, Zambia) and gold producers (Uganda, Tanzania). But GDP across most of Sub-Saharan Africa is likely to stay well below its pre-crisis path over 2021-23.

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