Prospects for Africa in the second quarter

Subject

Prospects for Africa in the second quarter.

Significance

Nigeria's tightly-contested election dominates the political outlook in the coming quarter, posing an unprecedented test for the democratic credentials and institutions of the continent's largest economy. Economically, oil exporters face fiscal and foreign exchange earnings falls, putting a drag on regional growth rates. Regional disparities are also significant. Oil importers can expect a boost to budgetary and external accounts. However, the mixed global outlook will usher in other economic risks.