The second half of 2021 is expected to bring some cheer to macro watchers globally, with the most robust growth projected for Emerging Markets and Advanced Economies. Sub-Saharan African Economies may have to make do with milder out-turns, given the reality of their low fiscal & monetary bandwidths and lingering regulatory-cum structural impasses. Yet, base effects could instigate the most significant macro bounces across these markets in years. In our view, Nigeria could record its paciest GDP growth in over 32 quarters in Q2'21, with construction, trade, manufacturing, real estate, and crude petroleum & natural gas moving from pull to push sectors on the impact of their low bases. ...
