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.
Sample Report
5 years of Sub-Saharan Africa economic forecasts for more than 30 economic indicators.
Sub-Saharan Africa Economic News
-
South Africa: Manufacturing activity deteriorates in June
August 11, 2022
Manufacturing output slid 1.5% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.2% increase.
-
Ghana: Inflation comes in at highest level since November 2003 in July
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.
-
Kenya: PMI falls deeper into contractionary territory 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.
-
South Africa: Conditions improve at strongest pace in over a year in June
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.
-
Kenya: Inflation comes in at an over five-year high in July
July 29, 2022
Consumer prices increased a seasonally-adjusted 0.67% in July over the previous month, below June's 0.89% increase.
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.
