Sub-Saharan Africa Sovereign Credit Overview: 2Q20

Sub-Saharan Africa Sovereign Credit Overview: 2Q20

The coronavirus pandemic, and the oil price shock it triggered, has had a severe impact on sovereigns in sub-Saharan Africa (SSA). Median real GDP for Fitch-rated SSA sovereigns will contract by 2.1% in 2020 with growth in 2021 of 4%, barely above trend growth.