Africa Economics

Africa Economic Outlook

24 March, 2016

The worst is yet to come

Growth in Sub-Saharan Africa fell to a 16 year-low last year, and we believe that growth will weaken even further 2016. Three key factors will drive this decline. First, a combination of drought, declining mine output, and a widening political scandal will cut growth in South Africa to just 0.5% in 2016. Second, Nigerian policymakers’ botched response to the country’s slow-burning balance of payments crisis will squeeze domestic demand in the region’s largest economy. Finally

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