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Tight fiscal policy to constrain the recovery

Growth in Sub-Saharan Africa is set to accelerate over the next couple of years, helped by a more favourable external environment as well as falling inflation and interest rates. But tight fiscal policy will constrain the recovery and our growth forecasts generally lie below the consensus. The risk of fiscal slippage remains high given the growing popular backlash against austerity, which could reignite sovereign debt concerns in the region.

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