Disinflation and looser monetary policy are setting the scene for stronger growth across Sub-Saharan Africa, and we expect growth to pick up in the coming quarters. But there are several headwinds. Metal and energy exporters like Mozambique and South Africa looks set to lose out from falling prices. And tight fiscal policy will affect most. We think growth in the coming years will come in below consensus expectations. Sovereign debt restructuring talks in Ghana and Zambia and sovereign debt risks have eased across much of the region. Mozambique is the country most likely to enter sovereign default.
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