Thursday, January 19, 2023

Can China's Economy Stave Off Recession in Africa?

 The Institute for Security Studies in South Africa published on 17 January 2023 a commentary titled "Can China Breathe Fire into Africa's Economies?" by Ronak Gopaldas, director of  Signal Risk.

The author concludes that the jury is still out concerning the ability of China to prevent African countries from falling into recession.  Africa should benefit from increased Chinese natural resource purchases and outbound tourist business but there may be significant delays before these consumption patterns return to pre-pandemic levels.