Tuesday, March 24, 2020

Impact of China's Slowdown on African Economies

The Diplomat published on 19 March 2020 an analysis titled "China's Coronavirus Slowdown: Which African Economies Will Be Hit Hardest?" by Hannah Ryder and Angela Benefo, Development Reimagined.

COVID-19 could lead to a sharp increase in African poverty due to a drop in commodity prices and a shortage of cheap consumer goods produced in China. There will be both demand-side and supply-side shocks to African economies as a result of the economic slowdown in China.