However, Sayeh said the major threat to the region’s economic growth prospects was a slowdown in China, which has become a major trade partner for most of the Sub-Saharan African economies. A slowdown in the world’s fastest-growing economy will mean lower export volumes for the region.
“In the event that there is some more significant slowdown in China, then its foreseen that it will have an additional impact in a number of Sub-Saharan African economies who export; China is their largest export market,” she said.
Apart from a potential slowdown in China’s economy, lower growth in other emerging markets and the anticipated monetary t i ghtening i n advanced economies “could also have a negative impact on the region”, said Sayeh.
“Sustaining high growth in the region remains the key policy consideration and will require striking the right balance between scaling up public investment to fill infrastructure gaps and maintaining debt sustainability.”