Economies across Sub-Saharan Africa are amongst the least affected EMs by the protectionist shift that the US is embracing. And growth in the region is set for a modest pick-up on the back of lower inflation and easing monetary policy. But tight fiscal policy and, for some, a deterioration in the terms of trade will hold back the pace of recovery. Some fiscal slippage is likely, which will keep concerns about the public finances high. Default fears remain greatest in Kenya and Mozambique.
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