Africa’s Investment Outlook Depends on Macroeconomic Adjustments
Performance within Sub-Saharan Africa credits so far in 2023 has largely been driven by positioning and technicals which presents investors with opportunities.
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Giancarlo Perasso is a Principal, Lead Economist for PGIM Fixed Income, based in London. Mr. Perasso is jointly responsible for formulating the macro-economic outlook for Africa and the former Soviet Union region to support alpha generation in rates, FX and sovereign credit markets. Before joining the Firm in 2012, Mr. Perasso was the chief economist of Matrix-Redux, a London-based macro hedge fund with a strong emerging market focus. Prior to that he was the Global Head of Emerging Market Research at West LB, where he developed market-oriented global research, focusing on both external debt and local markets (FX and fixed income). Mr. Perasso was also a Senior Economist for Central and Eastern Europe (CEECs) at Chase Manhattan Bank and JPMorgan-Chase, and a member of the Chase research team ranked No. 1 in Emerging Market Research in both 1999 and 2000 by Institutional Investor. Mr. Perasso has also been an economist for the Organisation for Economic Co-Operation and Development (OECD), and has been a consultant for the World Bank and a visiting professor at Franklin College. He has published papers in revered journals on the transition process in CEEMA and emerging markets more generally, is a contributor to www.lavoce.info, Italy’s leading economic website, and has been a visiting professor to the Universita' Carlo Cattaneo of Castellanza, Italy. He received a BA in Social and Economic Sciences from Universita’ Commerciale Luigi Bocconi, and an MA in Political Economy from Johns Hopkins University.
All information as of November 2023. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.