Sub Saharan Africa Economic Forecast

Economic Snapshot for Sub-Saharan Africa

September 22, 2021

Regional economy to expand in 2021

Economic activity is set to firm next year as lockdown measures are rolled back further. Upbeat commodity prices and greater investment should also buoy the regional economy. However, a still-low vaccination rate remains the key risk to the regional outlook, while strained public finances, social unrest and an expected rise in unemployment further cloud the outlook.

Inflation to moderate in 2021

Preliminary data showed that regional inflation inched up to 12.4% in August from 12.3% in July. This was influenced by stronger price pressures in Angola, Ethiopia, Ghana and Mozambique, offsetting cooling inflation in Botswana, Nigeria, Uganda and Zambia. Regional inflation should ease next year amid normalizing economic conditions and easing supply chain disruptions.


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