While the economic outlook in much of the world has turned less downbeat in recent weeks, the prospects for Sub-Saharan Africa’s two biggest economies have, if anything, got gloomier due to homegrown economic troubles. In South Africa, power cuts – a perennial drag on growth – have increased in severity over the past months. And there is growing evidence that “loadshedding” is dampening activity in sectors other than energy-intensive industries. Meanwhile in Nigeria, ongoing demonetisation efforts are disrupting activity in the lead-up to the late-February elections. And some proposals of key presidential contenders would involve further economic pain in the near term too.
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