There are also indications that the Chinese economy may be slowing, but the Chinese authorities have the ability and resolve to intervene strongly to prevent a so-called hard landing. One region with a more favourable outlook is sub-Saharan Africa, which is expected to grow by around 5,5 per cent this year.
South Africa’s financial and trade links with Africa have been increasing in recent years, and the continent is fast becoming the major  2  BIS central bankers’ speeches  destination for our manufactured exports.