Jul 18, 2019
Africa's commodity-dependent economies are extremely vulnerable to the current uncertainties roiling global markets, specifically the heightening trade tensions between the U.S. and China. With the tariffs taking their toll on China's slowing economy and the U.S. becoming even more assertive with other countries, African policymakers have good reason to be worried.
This week, Cobus and Eric are joined by Cheng Cheng, Chief Economist of the Made in Africa Initiative and a prominent Chinese economics commentator on China's Belt and Road agenda. Cheng, like a number of economists, believes that the ongoing Sino-U.S. trade dispute could have severe ramifications in emerging markets, particularly in places like Africa, if it's not soon resolved.
JOIN THE DISCUSSION:
How do you think Africa is faring so far amid the ongoing dispute? Do you think African countries should, or will need to pick sides in this conflict or is better for them to just keep their heads down and hope things get resolved? Let us know what you think.
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