Africa: China Slump to Be Bigger Than Expected, Threatening Millions in Africa

allafrica.com:

China’s economy faces a slowdown in Gross Domestic Product (GDP) to between 2.4% and 5% next year, well below the current 7% IMF estimate, unless the government takes more decisive policy action – warns the Overseas Development Institute, the UK’s leading think-tank on development issues.

The report Developing Countries and the slowdown in China concludes that IMF forecasters are failing to fully take into account the risks in China’s financial sector at a time when its economy is already slowing down and its real estate market is in collapse.

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Categories: Africa, China, Economics, Economy

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