Africa Monitor

Comprehensive country-by-country macroeconomic analysis, risk appraisals, latest market data and forecasts for Africa

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Key stories from this month's issue...

Economic Analysis - Regional Trends Point To Continued Stagflation - JUNE 2016

East & Central Africa April 2016 / Africa / Economy

BMI View: Stagflationary conditions in the Sub-Saharan African region are likely to prevail from the end of 2016 into 2017, as global commodity prices start rising from the end of 2016 while any growth dividend from a slow recovery in commodities remains limited.


Economic Analysis - Gradual Shift To Austerity, But Still Relying On Reserves - JUNE 2016

North Africa April 2016 / Algeria / Economy

Algeria is slowly shifting towards both protectionism and a tighter fiscal stance, with investment spending set to be particularly affected. Tighter curbs on public spending will weigh on economic growth, while the continued slump in global oil prices means that the country's budget deficit will remain wide, at 8.7% of GDP in 2016. Reserves will be used to finance the deficit.


Economic Analysis - Budget Balance Stays In Red As Spending Remains High - JUNE 2016

Southern Africa April 2016 / Mozambique / Economy

Mozambique's budget balance will remain deep in deficit over our medium-term outlook, as the government struggles to curtail spending amid a climate of insecurity and high debt servicing costs. Restructuring the country's debt burden, while necessary, will prove a difficult task and add greater pressure to government revenues suffering from low commodity prices.


Macroeconomic Forecasts - Ghana - JUNE 2016

West Africa April 2016 / Ghana / Economy