Assessing Sub-Saharan Africa’s Long-Term Growth Upside

PGIM Fixed Income

November 2019

Giancarlo Perasso, Lead Economist CEEMA, Global Macroeconomic Research, Elizabeth Doppelt, Senior Investment Analyst, Global Macroeconomic Research, and Brian Levine, Senior Investment Analyst, Global Macroeconomic Research

In this paper, PGIM Fixed Income shares our constructive, medium- to long-term growth outlook for the Sub-Saharan Africa (SSA) region, recognizing that growth is a crucial component of debt sustainability. The paper assesses key longstanding features of SSA economies such as their economic dependence on commodity exports, population growth, fiscal policies, and governance. Lastly, we review how well SSA countries are prepared to tackle the challenges of climate change across the region.

 

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