Thursday, 23 October 2008

Africa and the credit crisis

In his article this week, BBC journalist Martin Plaut, asks the question: Can Africa gain in the credit crisis? Banks are far less exposed than their Western counterparts, but depressed international demand is likely to impact on economic growth, according to the IMF.

But fundamentally, as Plaut argues, better economic policies and democratisation mean that, "once the dust settles from the current credit crisis, the prospects for African growth look distinctly promising".

1 comment:

Reginald said...

Africa is a continent that's always been in recession although this may come as a surprise to many, even though in the last 10 years of boom and glory enjoyed in the west Africa did not enjoy it, With proper policies in place Africa could turn the table round.