A new report by Focus Economics sheds some light on Sub-Saharan Africa’s third quarter growth and projections for 2016 and 2017 (bad news for Angola, Botswana, Ghana, Nigeria and South Africa).
Low commodity prices—especially for oil—coupled with the slowdown in the region’s main trading partners undermined growth last year. On the domestic front, political instability as well as water and electricity shortages kept growth under potential.
(…) projections unchanged for Cote d’Ivoire, Kenya and Tanzania. For 2017, the panel foresees the SSA economy expanding 4.6%.
Ethiopia, Cote d’Ivoire, the Democratic Republic of the Congo (DRC), in that order, are expected to be the best performers this year, with GDP growth rates at or above 7.0%. At the other end of the spectrum, South Africa is likely to be the worst performer, followed by Angola and Botswana. Among the other major economies in the SSA region, Kenya and Nigeria will expand 6.0% and 3.8%, respectively.
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