Economic Snapshot for Sub-Saharan Africa
December 16, 2021
Regional economy to ease in 2022
Economic growth in the region is expected to ease next year due to a less favorable base effect. Domestic demand should nonetheless strengthen amid softer restrictions; however, the balance of risks is tilted to the downside. The emergence of new Covid-19 strains, low vaccination rates and currency weakness amid debt repayments cloud the outlook.
Inflation to moderate in 2022
Regional inflation came in at 12.1% in October, down from September’s 12.3%. Looking ahead, inflationary pressures should ease in 2022 amid normalizing economic conditions and the fading impact of supply bottlenecks later in the year. However, exchange rate pressures and instability pose upside risks to the outlook.
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5 years of Sub-Saharan Africa economic forecasts for more than 30 economic indicators.
Sub-Saharan Africa Economic News
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Nigeria: Inflation ticks up in December
January 19, 2022
Consumer prices rose 1.82% in December, up markedly from November’s 1.08%.
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South Africa: Inflation comes in at highest level since March 2017 in December
January 19, 2022
Consumer prices rose 0.57% over the previous month in December, picking up from the 0.49% increase seen in November.
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Angola: Inflation remains steady in December
January 14, 2022
Consumer prices rose 2.20% in December over the previous month, picking up from the 2.13% increase seen in November.
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Ghana: Inflation comes in at highest level since April 2017 in December
January 12, 2022
Consumer prices increased a seasonally-adjusted 1.26% over the previous month in December, coming in below November's 1.42% rise.
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South Africa: Decline in manufacturing production softens in November
January 11, 2022
Manufacturing output fell 0.7% in year-on-year terms in November, which was markedly softer than October's 8.5% decrease.
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