With China’s Central Bank making Tuesday (15 August) its largest interest-rate cut since the pandemic and news that its economy has fallen into deflation, the implications of this economic instability in China could have repercussions for Africa, experts warn. Against this backdrop, experts now discuss what deflation and economic instability in Africa’s biggest export market could mean for the continent. So how could China’s economic malaise impact Africa? Weaker demand from China and depressed prices on global markets could significantly impact exporting activity and revenue for these countries. After all, commodity prices have already declined on global markets in response to China’s deflation news.

Source: The North Africa Journal August 17, 2023 15:18 UTC