Africa Economics

Looking beyond the politics

Africa Chart Book
Written by Capital Economics Economist

Attention this month has focused on political stories in Kenya, South Africa, and Angola. We will continue to cover these issues in other publications. While economic data released over the past month grabbed fewer headlines, we think that it provided a valuable look at how Africa’s multi-speed recovery is faring.  In most cases, the new figures strengthened our existing views. In South Africa, for instance, upbeat activity data supported our belief that that growth over 2017 as a whole will be stronger than most expect. Similarly, our view that growth in Kenya will disappoint this year also seems to be playing out – even assuming that the country avoids an economically painful political crisis later this week. The latest Nigerian data have been mixed, but we still think that the economy will perform better than most expect this year.