Africa Economics

Africa Economic Outlook

7 December, 2016

Tepid recovery as “Big Three” continue to struggle

We expect that economic growth in Africa will pick up a bit in 2017 after a disastrous result in 2016. But the region’s recovery will be very weak, largely because of the poor performance of Nigeria, South Africa, and Angola (which collectively make up 70% Africa’s GDP). Growth in Nigeria and Angola will be limited by policymakers’ attempts to delay the adjustment to the fall in oil prices seen in recent years while South Africa’s recovery will be held back by significant structural issues

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