Emerging Markets Financial Risk Monitor

EM Financial Risk Monitor (Oct. 2025)

EM financial markets have continued to perform well in the past quarter, with currencies holding firm against the US dollar and sovereign bond spreads narrowing in many places. This has been supported...

29th October 2025 · 1 min read

Africa Chart Pack

Africa Chart Pack (Oct. 2025)

Our Africa Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth across Sub-Saharan Africa is set to accelerate over the next couple of years supported...

29th October 2025 · 0 mins read

Africa Economics Weekly

China’s exports, South Africa’s latest GNU policy fight

Chinese trade data out this week showed that the surge in exports to Africa continued, which most countries in the region seem to be welcoming. And taken together with efforts to reduce the costs of...

24th October 2025 · 5 mins read

Emerging Markets Economics Update

Emerging Markets Capital Flows Monitor (Oct. 2025)

Capital inflows into EMs have held up well over the past month, largely a result of strong flows into equity markets (Korea in particular). While we expect EM currencies to depreciate over the next...

23rd October 2025 · 0 mins read

Africa Rapid Response

South Africa Consumer Prices (Sep' 25)

South Africa’s weaker-than-expected headline inflation reading of 3.4% y/y for September should do more than enough to sway the Reserve Bank to restart its monetary easing cycle next month, with the...

22nd October 2025 · 2 mins read

Africa Economics Update

South Africa activity remains bumpy

The South African activity data for August showed that the retail sector is struggling, but it looks like the economy will post reasonable growth in the third quarter on the back of rising output in...

15th October 2025 · 2 mins read

Africa Chart Pack

Africa Chart Pack (Sep. 25)

Growth across Sub-Saharan Africa is set to pick up over the next couple of years helped by a more stable macro environment, lower inflation and looser monetary policy, with many central banks set to...

30th September 2025 · 0 mins read

Africa Economics Weekly

AGOA expiry looms, Taiwan chips curbs, Nigeria GDP

The African Growth and Opportunities Act (AGOA) is set to expire on Tuesday and, while this would deal only a modest blow at a macro level, it would mark yet another way in which the US is disengaging...

26th September 2025 · 5 mins read

Africa Economic Outlook

Looser monetary policy, stronger growth

Growth across Sub-Saharan Africa is set to pick up over the next couple of years helped by a more stable macro environment, lower inflation and looser monetary policy, with many central banks set to...

26th September 2025 · 19 mins read

Africa Economics Weekly

South Africa pauses easing cycle, Angola starts its

The South African Reserve Bank’s decision to leave the repo rate unchanged looks like a pause rather than a halt in the monetary easing cycle. We expect inflation expectations to trend lower from here...

19th September 2025 · 6 mins read

Africa Economics Update

SARB holds, but the pause won’t last long

The South African Reserve Bank (SARB) left the repo rate at 7.00%, but the decision was split with some MPC members voting for another cut. And with growth still sluggish, inflation weak, and...

18th September 2025 · 3 mins read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (Sep. 2025)

EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is...

17th September 2025 · 1 min read

Africa Economics Update

South Africa made a bumpy start to Q3

July’s activity data showed that South Africa’s start to Q3 was a bumpy one, with retail sales and mining output surging at the same time that the manufacturing sector hit fresh difficulties. We...

17th September 2025 · 2 mins read

Africa Rapid Response

South Africa Consumer Prices (Aug. 25)

South Africa’s weaker-than-expected headline inflation reading of 3.3% y/y for August reinforces our belief that the Reserve Bank’s monetary easing cycle has longer to run. We expect an interest rate...

17th September 2025 · 2 mins read

Africa Economics Weekly

SA current account, Ghana GDP, Nigeria fiscal policy

Data out this week showed that South Africa’s current account deficit has widened, but the shortfall is still small and suggests the rand will continue to hold up and that the Reserve Bank can cut...

12th September 2025 · 6 mins read