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January 2012

Prospects Blog: Can Sub-Saharan Africa survive another global downturn?

Allen Dennis's picture
Football frenzy is sweeping across Africa. The best of African football is on display in the ongoing Africa Cup of Nations tournament (January 21-February 12). Much of the build-up to the tournament has focused on those who will not be in it (Egypt, Nigeria, Cameroon, and South Africa) as much as those that will be in competing for the continent’s most prestigious football trophy. Some argue that the absence of these so-called heavy weights will weaken the tournament. What they don’t realize is that the depth of football in Africa has improved significantly. There are no minnows anymore!

Year of uncertainties and vulnerabilities ahead

Andrew Burns's picture

A new year has just begun. A year fraught with uncertainties brought on by a heady slide down which began in August 2011. A turn for the worse in the European debt crisis and the downgrade of the US sovereign rating sent financial markets around the globe in a tailspin.

In a matter of five months, stock markets around the world recorded $6.5 trillion (or.

World Bank published latest commodity prices: January 2012

John Baffes's picture

In December 2011 all commodity price indices fell. Energy prices dropped by 1.2%, non-energy prices declined further by 2.7%, food fell by 2.9%, beverages by 6.1%, raw materials by 1.8%, metals by 0.6% and fertilizers by 9.0%.  The US dollar appreciated 3.0% against the euro and 0.9% against a broad index of currencies.

To access recent and long-term historical prices and other commodity-related information, please click here.