Contents
- Executive Summary
- Cameroon
- Côte d'Ivoire
- Democratic Republic of Congo (DRC)
- Egypt
- Ghana
- Kenya
- Morocco
- Nigeria
- Senegal
- South Africa
- Quarterly & Annual Data Tables
Executive Summary
- Global economic conditions in the first five months of 2025 have been shaped by low growth prospects, uneven disinflation, and tight financial conditions, largely driven by trade policy shifts in the US. The imposition of US trade tariffs and retaliatory measures has heightened policy uncertainty, weakened investor sentiment, and further dampened global growth outlook.
- African economies face significant challenges in this volatile global environment. A sharp escalation in trade tensions could slow global growth, as tariffs disrupt trade, while policy uncertainty negatively impacts business sentiment and investment flows. Less favourable trade agreements with the US threaten key sectors, while slower global demand may weigh on export performance. Additionally, tariff-induced supply chain disruptions have fueled inflation risks, with countries like Nigeria and Ghana experiencing inflation well above target.
