Global Macro Service > Research Briefings > Africa

Vulnerability to rapidly changing global dynamics

Global economic dynamics have shifted significantly since the start of the year, with slower growth projections for the US, the EU, and China bringing dovish policy U-turns by the Fed and the ECB. Slower global growth could have adverse implications for African countries through the trade channel via China, but lower interest rates could support appetite for some African debt, thereby possibly discouraging much-needed fiscal consolidation.

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