Wednesday, October 15, 2014

China's Economic Slowdown to Impact Africa

The Overseas Development Institute (ODI), a UK-based think tank, published a paper in September 2014 titled "Developing Countries and the Slowdown in China" by Judith Tyson, Jane Kennan, and Zhenbo Hou. 

The report notes that the IMF and OECD forecast a slowdown in China's gross domestic product (GDP) to 7.0 percent for 2015.  ODI estimates a slowdown towards 5 percent in GDP growth from 2015 if decisive policy action is taken and below 4 percent if it is not. 

The African countries most negatively affected will be those with relatively high exports to China by value as a percent of total exports.  African countries that export 10 percent or more of total exports by value to China include Mauritania, Zambia, Congo Republic, Cameroon, Gambia, Benin, and Ethiopia. 

1 comment:

  1. CONCLUSION :- " Downward trend in world economy is likely to be in mild form during
    November, 2014 to April, 2015, to grow somewhat intense during May, 2015
    to October, 2015, becomes harsh during November, 2015 to July, 2016.
    Such areas of life as minerals and metals, foodcrops, energy resources , defence and security of nations are likely to bear the brunt of these trends.
    Collective wisdom in decision making, communication systems, aviation industry, and the cinema , music and TV industries are also , in addition, likely to be touched by these trends.
    Countries or regions whose names begin with the letters B , E , EU, N, O, P, U or V may need to implement multilevel approach to challenges during this period".

    This is the substance or salient feature of my article - " Stressful times ahead for world economy in 2015 and 2016"- published online on June 2, this year at

    kushal kumar

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    Sector 20, Panchkula, Haryana, India - 134120.