What another Trump presidency means for Africa
The Citizen|November 08, 2024
Another Trump presidency means that African nations will have to navigate tighter monetary policy than from a counterfactual Harris presidency, an economist says.
Ina Opperman
What another Trump presidency means for Africa

Jacques Nel, head for Africa Macro at Oxford Economics Africa, said a stronger dollar due to higher US yields will also increase fiscal and external balance pressures.

"The impact of lower oil prices on the continent will be a mixed bag, while a weaker Chinese economy will have both pros and cons. African leaders will have to contend with a lot more confrontational and transactional engagements with the US," he said.

Nel said the US Republican party had much to celebrate.

"It was a fantastic day at the polls for the party and their candidate, Donald Trump, will return to the White House," he said.

هذه القصة مأخوذة من طبعة November 08, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 08, 2024 من The Citizen.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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