Africa Economic Outlook Domestic woes to drag down growth Homegrown problems in Sub-Saharan African economies exacerbated by external headwinds are likely to curtail growth this year. We think that regional GDP will expand by 2.3%, which is well below the... 31st March 2023 · 24 mins read
Africa Chart Book Growth faltering in region’s biggest economies While the economic outlook in much of the world has turned less downbeat in recent weeks, the prospects for Sub-Saharan Africa’s two biggest economies have, if anything, got gloomier due to homegrown... 31st January 2023 · 12 mins read
Africa Economics Weekly Strikes in SA, naira under pressure, Ethiopia ceasefire South Africa is on the cusp of large public sector strikes which will deal another blow to the recovery and raise the risk of fiscal slippage just a week after the Medium Term Budget Policy Statement... 4th November 2022 · 6 mins read
Africa Economic Outlook Storm clouds gathering Sub-Saharan Africa has suffered particularly heavily from the pandemic and then spillovers from the war in Ukraine, and the global recession will only add to the headwinds. Taken together with tight... 25th October 2022 · 24 mins read
Africa Chart Book African central banks stepping up to the plate Just like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more hawkish recently. Central banks in South Africa and Nigeria hiked interest rates... 29th September 2022 · 12 mins read
Africa Economics Weekly Angola’s elections, SA price pressures, Ethiopia’s debt President João Lourenço is on course to secure another term following this week’s elections in Angola. With the political backdrop little changed, we think that the economy will revert to its low... 26th August 2022 · 6 mins read
Africa Economics Update Ethiopia: Unlikely to replicate exceptional growth again Ethiopia has been grappling with the fallout from its internal conflict and severe drought which, coming alongside spillovers from the war in Ukraine, will result in much weaker growth in the coming... 10th August 2022 · 4 mins read
Africa Economics Weekly Political risks piling up, rand on the rocks Resurfacing political risks in some parts of Sub-Saharan Africa are another threat to recoveries that are already facing multiple headwinds, while at the same time raising the pressure on several... 8th July 2022 · 6 mins read
Africa Chart Book The monetary policy tide turns African central banks have turned up their hawkish noises over the past month. Policymakers in Nigeria and Kenya delivered their first interest rate hikes following pandemic-era cuts. In South Africa... 31st May 2022 · 12 mins read
Africa Economics Update War in Ukraine inflames food insecurity in Africa The outsize role of agriculture in Sub-Saharan African economies and the tendency to rely on imported food products makes the region particularly vulnerable to the agricultural shock caused by the war... 25th May 2022 · 6 mins read
Africa Economic Outlook Debt problems building Sub-Saharan Africa’s recovery is likely to remain slow going and our growth forecasts are generally below the consensus. While spillovers from the war in Ukraine will boost a handful of economies –... 4th May 2022 · 22 mins read
Africa Chart Book War in Ukraine: a varied impact across Africa Spillovers from the war in Ukraine will have a varied impact across Sub-Saharan Africa. Large oil producers such as Nigeria and Angola are benefitting from the surge in global oil prices but, for the... 31st March 2022 · 13 mins read
Africa Economics Weekly Ghana’s debt fight, rate decisions, Ethiopia’s conflict The Ghanaian authorities took steps this week to shore up the cedi and tackle the poor public finances but officials may eventually have to back down and turn to the IMF to shore up investor... 25th March 2022 · 5 mins read
Africa Chart Book Mixed market reaction in Africa to Russia-Ukraine war Elevated commodity prices on the back of the Russia-Ukraine crisis will almost certainly add to inflationary pressures across Sub-Saharan Africa. High prices for energy, metals and agricultural... 28th February 2022 · 12 mins read
Africa Economic Outlook Region to lag behind as debt risks mount Sub-Saharan Africa’s economic recovery from the pandemic is likely to remain one of the weakest of any region over 2022-23 and our GDP growth forecasts are generally below the consensus. The latest... 28th January 2022 · 23 mins read
Africa Economics Weekly ANC leadership contest, Ghana’s debt, Ethiopia’s conflict Leftist factions of South Africa’s ruling ANC already appear to be gearing up to take on President Cyril Ramaphosa in December’s leadership election and this is likely to push fiscal policy in a... 14th January 2022 · 7 mins read
