The surge in energy prices from the Middle East conflict will boost incomes in Angola and Nigeria and upcoming elections and persistent spending pressures mean that much of the windfall is likely to be spent rather than saved. That will support GDP growth but limit the improvement in fiscal positions. Meanwhile, in Mozambique, modest gains from higher gas prices are dwarfed by deep fiscal and external vulnerabilities. A debt restructuring still appears its only viable path forward.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services