Africa Economic Outlook

Africa Economic Outlook: Stronger growth but debt concerns to persist

Economies across Sub-Saharan Africa are amongst the least affected EMs by the protectionist shift that the US is embracing. And growth in the region is set for a modest pick-up on the back of lower...

28th March 2025 · 19 mins read

Africa Chart Pack

Africa Chart Pack (Feb. 2025)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa this year. A shift towards trade protectionism in the US will hurt certain sectors in some...

13th February 2025 · 0 mins read

Africa Chart Pack

Africa Chart Pack (Jan. 2025)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa this year. A shift towards trade protectionism in the US will hurt certain sectors in some...

30th January 2025 · 0 mins read

Africa Economics Weekly

Africa Weekly: Weak rand and the SARB, Ghana and Nigeria inflation

The rand’s recent weakness has raised worries in the market that the SARB’s easing cycle will slow. There are upside risks to our rates forecast, but we still believe tight fiscal policy and spare...

17th January 2025 · 6 mins read

Africa Chart Pack

Africa Chart Pack (Dec. 2024)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa next year. A shift towards trade protectionism in the US will hurt certain sectors in certain...

18th December 2024 · 0 mins read

Africa Economics Weekly

SA activity, naira gains to fade, Ghana election

While data out this week showed renewed struggles in South Africa’s mining sector, other figures suggest that a recovery has taken hold in Q4, which should accelerate next year with help from lower...

13th December 2024 · 6 mins read

Africa Economics Weekly

SA GDP, Biden’s Angola visit, Ghana election

The surprise 0.3% q/q contraction in South Africa’s GDP was largely due to a slump in agriculture which should unwind. Along with low inflation and continued monetary easing, we expect the economic...

6th December 2024 · 7 mins read

Africa Economics Update

Ghana’s election: after the crisis

The main presidential candidates and their parties in Ghana’s upcoming election appear to be committed to restoring fiscal discipline and getting inflation under control. That said, the opposition NDC...

3rd December 2024 · 9 mins read

Africa Chart Pack

Africa Chart Pack (Nov. 2024)

Lower inflation and interest rates, as well as easing supply-side constraints, should lead to a pick-up in regional growth in the coming quarters. But multiple headwinds, including (for some) a...

27th November 2024 · 0 mins read

Africa Chart Pack

Africa Chart Pack (Oct. 2024)

Disinflation and looser monetary policy are setting the scene for stronger growth across Sub-Saharan Africa, and we expect growth to pick up in the coming quarters. But there are several headwinds...

31st October 2024 · 0 mins read

Emerging Markets Economics Focus

EM debt restructurings: light at the end of the tunnel?

Several EMs have reached provisional agreements with creditors to restructure their sovereign debts in recent months, including Zambia, Ukraine, Sri Lanka and Ghana. In principle, restructurings...

17th October 2024 · 21 mins read

Africa Economics Weekly

Mozambique’s election, SA surveys, Ghana debt deal

Mozambicans head to the polls on Wednesday with the ruling Fremilo party widely expected to hold on to power. The elections come amid growing signals that key gas projects, which are vital to the...

4th October 2024 · 5 mins read

Africa Chart Pack

Africa Chart Pack (Sep. 2024)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa from early next year. But the external environment will provide mixed fortunes, as falling...

27th September 2024 · 0 mins read

Africa Economic Outlook

Recovery to be held back by fiscal constraint

A combination of falling inflation and looser monetary policy should help growth to accelerate across Sub-Saharan Africa from early next year. But tight fiscal policy will constrain the recovery and...

25th September 2024 · 19 mins read

Africa Economics Weekly

SARB’s paradox, floods in West Africa and Sahel

The South African Reserve Bank (SARB) outlined a “goldilocks” scenario of stronger growth and lower inflation at its MPC meeting this week and, if supply side constraints continue to ease, it may feel...

20th September 2024 · 7 mins read