Can Africa’s Economies Survive Global Economic Turmoil

Two budgets on different sides of the continent this week show the struggle African countries are facing when it comes to growing their economies. In Ghana, the new administration promised 10% spending cuts plus a higher tax on gold revenue, and in South Africa the much-delayed budget -- and its VAT hike -- still needs to find a way through parliament. With the global economy dealing with multiple conflicts and a chaotic trade war, what’s the outlook for growth in Africa in 2025? Jennifer Zabasajja sits down with Bloomberg Economics Africa Economist Yvonne Mhango to break down the headlines from these key budgets and find out what the global turmoil means for Africa. For more stories from the region, subscribe to the Next Africa newsletter here

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