Wednesday, November 25, 2020

African Markets: Impact of China-less Recovery

 Allianz Research published on 10 November 2020 a paper titled "Emerging Markets: Heading for a China-less Recovery?" by George Dib, Francoise Huang, and Selin Ozyurt.  

The authors expect China to slow its international engagement over the next few years and its role as the global growth driver to recede.  They look at the impact on ten countries, including Angola, Kenya, Ethiopia, Ghana, South Africa, Zambia, and Egypt and conclude these countries could struggle to find alternative international sources for funding investment and trade.