Friday, November 10, 2023

China's Economic Slowdown Impact's Africa's Growth

 The IMF Country Focus published on 9 November 2023 an analysis titled "China's Slowing Economy Will Hit Sub-Saharan Africa's Growth" by Hany Abdel-Latif, Wenjie Chen, Michele Fornino, and Henry Rawlings.  

A one percentage point decline in China's growth rate could reduce growth in sub-Saharan Africa by 0.25 points.  China's loans to Africa have also plummeted.