Friday, February 6, 2015

External Economic Factors May Impact Africa Negatively

Ventures Africa published on 3 February 2015 an article titled "How Slowdown in China May Hurt Africa" by Felicia Omari Ochelle.  The article refers to remarks by IMF Managing Director Christine Lagarde who suggests that China's slowing economy, record low global oil prices, and US monetary policy normalization and subsequent raise in interest rates may impact Africa negatively.  Low oil prices will have a negative effect on African oil exporters but a positive effect on African oil importers.

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