Africa Chart Pack

Africa Chart Pack (Sep. 2024)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa from early next year. But the external environment will provide mixed fortunes, as falling...

27th September 2024 · 0 mins read

Global Economic Outlook

A soft patch

The global economy has hit a soft patch with the euro-zone virtually stagnant, the US labour market flagging and China rationing its policy stimulus. We expect this weakness to persist around the turn...

26th September 2024 · 44 mins read

Africa Economic Outlook

Recovery to be held back by fiscal constraint

A combination of falling inflation and looser monetary policy should help growth to accelerate across Sub-Saharan Africa from early next year. But tight fiscal policy will constrain the recovery and...

25th September 2024 · 19 mins read

Africa Data Response

Nigeria Interest Rate Announcement (Sep '24.)

24th September 2024 · 2 mins read

Africa Economics Weekly

SARB’s paradox, floods in West Africa and Sahel

The South African Reserve Bank (SARB) outlined a “goldilocks” scenario of stronger growth and lower inflation at its MPC meeting this week and, if supply side constraints continue to ease, it may feel...

20th September 2024 · 7 mins read

Africa Economics Update

SARB cautiously cuts by 25bp

The South African Reserve Bank finally joined the EM easing cycle today, lowering its repo rate by 25bp to 8.00%. While the MPC clearly has some lingering concerns about the inflation outlook, we...

19th September 2024 · 3 mins read

Africa Data Response

S. Africa Interest Rate Announcement (Sep.'24)

19th September 2024 · 2 mins read

Africa Economics Update

South Africa Activity Data (Jul. '24)

South Africa’s economy is enduring a clear divergence in its economic recovery. Consumer-facing sectors appear to be performing better but industry, particularly mining, continues to struggle. We...

18th September 2024 · 2 mins read

Africa Data Response

South Africa Consumer Prices (Aug' 24.)

The dip in South Africa’s headline inflation rate, to 4.4% y/y, in August and the further decline in core inflation all but seals the deal on the SARB start an easing cycle tomorrow. We have pencilled...

18th September 2024 · 2 mins read

Africa Data Response

Nigeria Consumer Prices (August '24)

Nigeria’s headline inflation rate dipped to 32.2% y/y in August, confirming the disinflation trend is firmly on course as the pass through from previous sharp falls in the naira continues to fade...

16th September 2024 · 2 mins read

Africa Economics Weekly

SARB to cut, oil prices slump

The current make-up of South Africa's MPC means that next week's rate decision will be a close call, but we expect the Reserve Bank to embark on an easing cycle. How quickly rates come down partly...

13th September 2024 · 6 mins read

Africa Economics Weekly

SA GDP and surveys, FOCAC concludes

The slump in the South African manufacturing PMI provided some worrying signs that the rebound seen in the Q2 GDP figures didn’t last. But the PMI appears to be an outlier; other survey data paint a...

6th September 2024 · 6 mins read

Africa Economics Update

FOCAC: Africa-China relations in a fracturing world

Attention at the Forum on China-Africa Cooperation that started today in Beijing will be on the extent to which China can stave off competition from the US to strengthen ties with the region...

4th September 2024 · 7 mins read

Africa Rapid Response

South Africa GDP (Q2 2024)

South Africa’s economy recorded weaker-than-expected growth of 0.4% q/q in Q2 which, coming alongside the easing of inflation pressures, further strengthens the case for an interest rate cut at the...

3rd September 2024 · 2 mins read

Africa Rapid Response

South Africa Manufacturing PMI (Aug.)

The sharp fall in South Africa’s manufacturing PMI in August was disappointing but the survey has been extremely volatile recently and the big picture is that respondents remained optimistic about the...

2nd September 2024 · 2 mins read