Even without a single confirmed case, sub-Saharan Africa may be the region hardest hit outside of Asia by the spread of the coronavirus.
Even without a single confirmed case, sub-Saharan Africa may be the region hardest hit outside of Asia by the spread of the coronavirus.
A slowdown in the No. 2 economy and a 5% dip in oil prices over one year could mean $4 billion in lost export revenue for sub-Saharan Africa - more than any other continent outside of Asia, according to a study by the Overseas Development Institute.
According to one Beijing based consultancy firm, this will have an impact on other African countries who are trying to export more goods to China. Examples of what would be affected by a slowdown in China’s food and beverage sector include Namibian beef, Rwandan coffee, Kenyan avocados and South African citrus.
A slowdown in the No. 2 economy and a 5% dip in oil prices over one year could mean $4 billion in lost export revenue for sub-Saharan Africa - more than any other continent outside of Asia, according to a study by the Overseas Development Institute.
According to one Beijing based consultancy firm, this will have an impact on other African countries who are trying to export more goods to China. Examples of what would be affected by a slowdown in China’s food and beverage sector include Namibian beef, Rwandan coffee, Kenyan avocados and South African citrus.
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