Economic Snapshot for Sub-Saharan Africa
July 20, 2022
GDP growth will rebound in 2022
Regional growth should come in at a near decade high this year, barring 2021’s rebound. However, key risks remain, stemming from the fallout of the war in Ukraine. Twin deficits in some countries are widening, and some debt-to-GDP ratios in the region are being pushed up to the highest levels in decades, placing many countries in debt distress risk.
Inflation to rise in 2022
Preliminary data showed regional inflation accelerated to 16.8% in June (May 15.8%). Elevated prices for agricultural commodities like fertilizer and grain, and for fuel—transport accounts for over 10% of the consumer price basket in some countries—continue to push inflation up. Extreme weather events could exacerbate food insecurity.
5 years of Sub-Saharan Africa economic forecasts for more than 30 economic indicators.
Sub-Saharan Africa Economic News
August 11, 2022
Manufacturing output slid 1.5% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.2% increase.
August 10, 2022
Consumer prices rose a seasonally-adjusted 3.15% in July over the previous month, picking up from the 3.02% rise recorded in June.
August 3, 2022
The S&P Global Purchasing Managers’ Index (PMI) declined to 46.8 in June, below May’s 48.2 and marking a 14-month low.
August 3, 2022
The S&P Global Purchasing Managers’ Index (PMI) increased to a 14-month high of 52.7 in July, up from the prior month’s 52.5.
July 29, 2022
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase.
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