Economic Snapshot for Sub-Saharan Africa
April 29, 2022
GDP growth will ebb in 2022
Regional economic growth will ebb, but remain strong, this year. The commodity prices boom will bode well for investment in and public coffers of metal-exporting countries, although it will pose fiscal constraints and increase costs for others. Extreme weather events, lack of vaccine administration capacity and vaccine hesitancy, debt repayments and armed conflicts are risks.
Inflation to rise in 2022
Regional inflation rose to 13.5% in March (February: 13.1%), amid higher price pressures in South Africa and Uganda, where transport is a large share of the consumer price basket. Elevated prices for agricultural commodities and oil will exert upward pressure for food and energy, driving up inflation in the short term, which could hamper net food and fuel importers and worsen food insecurity.
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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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Angola: Luanda inflation eases in April
May 13, 2022
Consumer prices in Luanda increased 0.97% in April over the previous month, ticking down from the 1.52% rise logged in March.
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Ghana: Inflation comes in at highest level since January 2004 in April
May 11, 2022
Consumer prices rose a seasonally-adjusted 5.17% in April over the previous month, picking up from the 4.02% increase logged in March.
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Kenya: PMI falls into contractionary territory in April
May 6, 2022
The Purchasing Managers’ Index (PMI)—produced by Stanbic Bank and S&P Global—fell to a three-month low of 49.5 in April from March's 50.5.
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Ghana: PMI picks up in April but stays below the 50 mark
May 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) came in at 48.3 in April, up from March's 47.2.
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South Africa: PMI falls in April but conditions still improve
May 5, 2022
The S&P Global Purchasing Managers’ Index (PMI) came in at a four-month low of 50.3 in April, down from March's 51.4.
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