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Africa Chart Pack (Aug. 2023)

Our Africa Chart Pack has been updated with the latest data and our analysis of recent developments.

Sub-Saharan Africa is set to record its weakest growth (outside the pandemic) since 2016 this year as the drags from domestic headwinds are exacerbated by a less favourable external environment. Our GDP growth forecasts across the region are generally below the consensus. Public debt risks continue to linger. The threat of default is high in Kenya, while growing fiscal risks may ultimately prompt South Africa’s government to turn to financial repression policies.

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