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Vol 52 No 24

Published 2nd December 2011

Storm warning

Economic gloom in Europe and North America will slow African growth next year and may spark more challenges to incumbent regimes

For many African countries, the West’s economic travails will translate into spiralling food and fuel prices, higher unemployment and less state spending on education and health. The rumbling Eurozone crisis and the United States’ debt-burdened economy will not necessarily divert Africa from its more positive growth path but may slow its rate of progress, given its direct and indirect (via China) dependence on trade with the industrialised West (see Chart).

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