Growth across Sub-Saharan Africa is set to pick up over the next couple of years helped by a more stable macro environment, lower inflation and looser monetary policy, with many central banks set to cut interest rates quicker and deeper than most analysts expect. Balance of payments pressures will stay contained and a repeat of the sharp currency depreciations of recent years is unlikely. Debt fears are fading for many, although sovereign default concerns will linger in the likes of Angola, Mozambique and Kenya.
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