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Africa and Global Economic Trends Quarterly Review - Fourth Quarter 2011

18-Jan-2012

The slowdown in the major developed economies, transmitted to the African economies mainly through trade linkages, is likely to dampen growth prospects across the continent. African economies are facing a sustained period of weak foreign demand, as illustrated by the sharp deceleration in the global merchandise trade volumes, which fell in October to around 5%, compared to 10% at the beginning of 2011. Merchandise imports continue to register a sub-trend pace in both advanced as well as emerging economies.

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