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Vol 1 (AAC) No 11

Published 1st September 2008


A softer landing in the East

Asia's more buoyant economies could help cushion the effects of the West's credit crunch on Africa

If Asia's economic growth has offered African exporters a fast-growing and lucrative market and its hyper-economies - China and India - have become important sources of investment capital, then this time the worst effects of the Western-based financial crisis might not reach Africa. That supposition is based on the premise that Asian economies are better placed to weather the current storm than their Western counterparts. So far the signs have been mixed; even within Western governments, there are fierce arguments about the severity and depth of the recession.

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