Home-grown and external headwinds to slow growth

Sub-Saharan Africa is set to record its weakest growth this year, outside of the pandemic, since 2016 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, whereas governments in Nigeria and South Africa are more likely to turn to financial repression policies.