Thursday, January 7, 2016
Impact of China's Economic Slow Down on African Economies
The Institute for Security Studies (ISS) published on 7 January 2016 an analysis titled "New Year Crash in Chinese Stock Market Is a Bad Omen for Africa" by Peter Fabricius, ISS consultant. The analysis focuses on the fall in commodity prices, to which China among others has contributed, and notes the IMF has cut its 2015 forecast for growth in sub-Saharan Africa from 4.5 percent to 3.75 percent.
Labels:
Africa,
China,
commodity prices,
GDP growth rates,
IMF,
Nigeria,
oil,
South Africa