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Analysis by Region - Africa

Publisher Oxford Economics
Published Jan 18, 2023
Length 4 Pages
SKU # OFE17679852

Description

Analysis by Region - Africa

Fixed investment related to phase II of the Lesotho Highlands Water Project is forecast to counterweigh weak household expenditure and substantial external trade pressures this year. Nevertheless, our baseline scenario foresees the expansion in national output softening to 1.2% this year from an estimated 2.9% in 2022 owing to the spillover effects of weaker GDP growth in South Africa, slower global trade growth, and the passthrough effects of tighter monetary policy.

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4 Pages
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