Global Headwinds: Where Is The Risk In SSA?

BMI View: In a worst-case scenario for the US and eurozone economies, we would expect Angola, Botswana, Cameroon, Gabon and South Africa to suffer the most. Yet, we believe that some countries would still post strong real GDP growth owing to idiosyncratic factors: Ghana, Mozambique and Zambia are set to outperform regardless of global headwinds.

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