Graph 4  In the face of this uncertainty, it is not surprising that many businesses are preferring to wait before committing to significant investments; they are inclined to sit on their hands for a while and see how things play out. This is evident in the surveys of business investment intentions, which have fallen considerably (Graph 5).
This also requires exploiting opportunities generated by regionalism. The recent global financial crisis provides more lessons for Africa on the need to strengthen continental cooperation. As the global crisis unfolded, the developed countries saw a need to coordinate their policies with strong emerging economies under the aegis of the G20.