Africa Country Risk Key Analysis

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Headwinds Growing For Economy

We are below-consensus, forecasting that South Africa's economy will growth by just 2.5% in 2014 (versus Bloomberg consensus of 3.0%). Our view is predicated on several concerning factors including...

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Running On Fumes

The combination of stagnating oil production and faltering public investment spending has sent Equatorial Guinea's economy into a crisis, and we expect the country's GDP to contract by 1.9% in 2013...

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Appreciation To Prove Temporary

We expect the appreciation of the Egyptian pound following the foreign exchange auction to prove temporary and anticipate deprecation to resume in the coming months. Whilst current levels may be...

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