Tag: Capital Economics

South African economy to shrink 4.9% in 2020, SARB to cut rates in May – Poll

South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.

Unpacking the 2020 market drivers for emerging markets

Joining CNBC Africa to unpack the 2020 market drivers as well as interest rates outlook for emerging markets is Michael Bolliger, Head Emerging Markets Asset Allocation at UBS and John Ashbourne from Capital Economics.

IMF: How new oil discoveries and mining will impact Ghana’s economic outlook

The International Monetary Fund (IMF) says its outlook for Ghana remains favourable and expects the country’s growth to average around 5 per cent over the next few years supported by new potential oil discoveries and mining. The fund disclosed this following the conclusion of its Article IV Consultation with Ghana. As Ghana heads into an election year in 2020, John Ashbourne, Senior Emerging Markets Economist at Capital Economics joins CNBC Africa for an outlook on Ghana’s economy.

Understanding Ghana’s rebased GDP

After a rebasing exercise that changed the base year from 2006 to 2013, Ghana's GDP expanded by 25 per cent to $52 billion dollars, making the West African country the 6th largest economy in sub-Saharan Africa. John Ashbourne, Africa Economist at Capital Economics joins CNBC Africa to analyse the underlying factors in Ghana's economy.