Economic growth in Sub-Saharan Africa is set to strengthen over 2024-25 as the external backdrop turns more favourable and, in most places, the drag from high inflation eases. But growth will be constrained by tight fiscal and monetary policy and our GDP growth forecasts for most economies lie below the consensus. Public debt risks remain a key concern. The risk of sovereign default is highest in Ethiopia, Mozambique and Kenya, but fiscal fears are also likely to build in South Africa ahead of the election.
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