Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Thursday, 18 December 2014

Sub-Saharan Africa growth resilient to lower oil prices in 2015 – Fitch

In its latest sub-Saharan Africa (SSA) Credit Overview released December 16, 2014, Fitch Ratings says that it expects average GDP growth of 5 percent in 2015, for the 18 countries rated by the agency, up from 4.5 percent in 2014.
Growth will not be evenly spread across the region but should be resilient to lower oil prices.
Countries’ ability to grow will be impacted by their degree of commodity dependence, exposure to China, domestic challenges and capacity to invest.
Growth in Nigeria, Sub-Saharan Africa’s largest economy, has been revised down from