Africa Economics

Africa Economic Outlook

16 October, 2018

Recovery losing steam

Economic growth in Sub-Saharan Africa will probably strengthen a touch in 2019, but growth across the region will remain weaker than consensus expectations. We think that growth in Nigeria will slow as oil prices fall and output stabilises. Meanwhile, the recovery in South Africa is likely to be weaker than most think. As a whole, regional GDP will only pick up to around 3.1% next year. This would be stronger than in 2017 or 2018, but a sluggish performance by historical standards.

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