30.10.2015 - The global commodities slump is hitting Africa hard
If you live by commodities, you will die by commodities. In Africa, this aphorism is becoming true in a devastating fashion. The continent’s economies rode the global demand for commodities in the early part of this century to create some of the fastest economic growth in the world. In fact, in the first 10 years of this century, six of the 10 fastest growing economies came from Africa. But those good times have come to an end. Demand for commodities has slowed down considerably, representing a “formidable shock for many of the sub-Saharan African countries that are still substantial commodity exporters,” a recent report by the IMF says...............................................Full Article: Source
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