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 Economics Update What to watch out for as Côte d’Ivoire votes? Côte d’Ivoire’s presidential election is just a few weeks away and, while incumbent President Ouattara looks set to retain office, democratic backsliding raises the risk that unrest breaks out around... 13th October 2025 · 4 mins read
Africa Economics Weekly Kenya-Angola fiscal worries, Cocoa Price, Uganda GDP Angola joined Kenya this week in tapping the dollar bond market, but both countries continue to face fiscal consolidation challenges, meaning sovereign default concerns will linger. Meanwhile, Côte d... 10th October 2025 · 5 mins read
Africa Economics Weekly Nigeria reforms, Ghana and Kenya inflation President Tinubu used his Independence Day address this week to talk up recent improvements in GDP growth and the balance of payments position. He also celebrated the jump in tax revenue this year... 3rd October 2025 · 5 mins read
Emerging Markets Economics Update Fiscal realities now biting in some major oil producers The 2026 budgets announced in Russia and Saudi Arabia in the past week point to significant fiscal tightening following declines in oil revenues and budget blowouts this year. Pressures for fiscal... 2nd October 2025 · 4 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
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Sep. 2025) Capital inflows into EMs continued last month, with the restart of Fed easing and further declines in the dollar supporting bond inflows in particular. While we expect EM currencies to depreciate over... 26th 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
