Sub-Saharan Africa Macroeconomic Update: Key Themes For 2022
Tuesday, 25th January 2022
Webinar | 12:00 London GMT | 14:00 South Africa SAST
The webinar will cover the five key themes that we expect to dominate the regional outlook in 2022.
Economic growth will return to trend as vaccination programmes progress, boosting consumer confidence, but vulnerabilities resulting from the pandemic – such as wide current account and fiscal deficits, and elevated levels of joblessness – will persist. Monetary policy tightening will accelerate despite moderating inflation. Governments will also continue to prioritise fiscal consolidation following a substantial widening of budget deficits and sharp rise in debt loads in 2020. Meanwhile currencies will depreciate after a performance in 2021.
We expect political temperatures to rise across the region given increased levels of public dissatisfaction over service delivery, and tensions arising from elections in several major economies.
In addition, we will go into a deeper political and macroeconomic dive on major economies in the region.
Head of Sub-Saharan Africa Risk
Jane Morley is Head of the Sub-Saharan Africa Risk team at Fitch Solutions, based in Fitch's London headquarters. She has more than 25 years of experience covering political, macroeconomic and operating risk in individual African markets, as well as broader pan-African developments.
Jane joined Fitch in 2018. Prior to this she worked at the Economist Intelligence Unit, focusing on a range of African economies including Angola, Ethiopia and Zimbabwe. She has a degree in English Literature from the University of London.
Senior Analyst, SSA Country Risk
Gianmarco Capati is a Senior Country Risk Analyst at Fitch Solutions. Based in the London office, Gianmarco analyses macroeconomic and political developments in SSA, with a particular focus on East and Southern Africa. Gianmarco joined Fitch Solutions in 2018. He holds an MA in International Political Economy from King’s College London and a BA in International Affairs from John Cabot University.
Sub-Saharan Africa Country Risk Analyst
Winifred Michael is a Sub-Saharan Africa Country Risk Analyst at Fitch Solutions. Based in the London office, Winifred analyses macroeconomic and political developments in several African markets, with a particular focus on Southern African countries such as Angola, Mozambique and Namibia. She joined Fitch Solutions in 2019 and holds an MSc in Public Policy and Administration from the London School of Economics and Political Science, and a BA in International Relations from the University of Essex. Interested in the nexus between country risk and sustainability, she also holds a Certificate in ESG Investing.
THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.