Nigeria’s long-awaited Petroleum Industry Bill is on the verge of making into law, but it probably comes too late to propel a marked turnaround in the oil sector and will not resolve many other issues afflicting the economy. Elsewhere, the IMF’s view that Angola’s debt position is sustainable is based on some pretty optimistic assumptions regarding growth and fiscal consolidation. Finally, comments from one of South Africa’s MPC members echo our view that the tightening of virus restrictions won’t inflict severe damage on the economy and that interest rates will be raised later and more slowly than investors currently expect.
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