China’s Slowing Economy to Affect Nigeria

The International Monetary Fund has disclosed that China’s declining growth is set to affect Nigeria’s economic fortune. <br />IMF noted that because China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, its recent declining growth may affect growth in Nigeria by 0.5 percentage points on average. <br />China is the region’s largest single-country trading partner, as it buys one-fifth of the region’s exports — metals, minerals, and fuel —and provides most of the manufactured goods and machinery imported in the region. <br />It, however, noted that China’s recovery from the pandemic is now set to ripple across Africa. <br /><br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>