Eurozone's crisis impact African economies

Note: This section contains information in English only.
Source: BBC
© Scanpix/AP

African economies are impacted by the euro-zone debt crisis as Europe countries are the largest trading partners of Africa, said Pravin Gordhan, South Africa's finance minister. Europe dictates the investment pattern and when Europe experienced downturn Africa sees money outflow from its economy, he added.  European crisis increases volatility of the commodity prices and currencies in Africa, claimed Ngozi Okonjo-Iweala, Nigeria's finance minister.

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