Zambia’s first steps towards debt restructuring have not got off to a good start, reinforcing our fears that the process will be long and arduous. Meanwhile, Nigeria’s rumoured budget proposals envisage a large rise in spending matched by increased revenue collection, but the latter seems like a long shot. And in South Africa, there are growing signs of a big hit to the labour market, which risks causing long-term scarring on the economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services