- African countries are facing a mounting debt crisis with public debt to GDP ratio soaring to an average of 56% in sub-Saharan Africa in 2022.
- African attitudes towards the rest of the world will be shaped by whether outsiders, especially the West and China, are seen to be helping or hindering progress.
- China and private creditors have begun to play a pivotal role in restructuring the billions of dollars in debt owed by African countries.
- Austerity will have a big impact on African economies and domestic politics.
- Most 'frontier' countries are democracies, and the economic discontent has already led to changes in government in Zambia and Kenya.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec