Economic Snapshot for Sub-Saharan Africa
October 21, 2021
Regional economy to ease in 2022
Regional GDP growth will ease slightly next year on a tougher base of comparison. However, domestic and foreign demand should firm as restrictions are rolled back amid a progressing vaccination drive. Upbeat commodity prices and greater investment should further support momentum. That said, strained public finances, social unrest and higher unemployment cloud the outlook.
Inflation to moderate in 2022
Preliminary data showed that regional inflation rose to 12.2% in September from 11.9% in August. Stronger price pressures in Angola, Ethiopia and Kenya offset cooling inflation in Botswana and Nigeria. Normalizing economic conditions and easing supply-side issues should see regional inflation moderate next year. Currency weakness and instability pose upside risks.
Sample Report
5 years of Sub-Saharan Africa economic forecasts for more than 30 economic indicators.
Sub-Saharan Africa Economic News
-
Nigeria: Government's proposed 2022 budget is largest ever
November 23, 2021
On 7 October, President Muhammadu Buhari presented the government’s proposed budget for 2022.
-
Nigeria: Central Bank stays put in November; suggests stance will remain unchanged in the months ahead
November 23, 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) stood pat at its 22–23 November meeting, leaving all policy parameters unchanged.
-
South Africa: New medium-term budget explained
November 19, 2021
After postponing its presentation twice, on 11 November the government set out the FY 2021–2022 medium-term budget policy statement before parliament, reaffirming its commitment to fiscal consolidation and to bringing debt stocks back to a sustainable level.
-
Nigeria: Economic growth cools slightly in Q3
November 18, 2021
Economic growth in Sub-Saharan Africa’s largest economy cooled to 4.0% year-on-year in the third quarter from 5.0% in Q2.
-
South Africa: Inflation remains steady in October
November 17, 2021
Consumer prices increased 0.24% in October over the previous month, below the 0.25% increase logged in September.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
