Zambia has faced its worst economic crisis in a decade on the back of lower than expected commodity prices in FY2015/16 which affected the country’s main exports, copper. As is the case in numerous other countries, global commodity prices had a negative on the economic growth of commodity-driven economies such as Zambia due to a decline in export revenues.
Tanzania is one of the beneficiaries of the post-2009 global financial crisis investment hedging initiatives by developed economies and institutional investors. Consequently, Tanzania has experienced remarkable economic growth over the past 5 years despite the global economic downturn and ongoing uncertainty.
In terms of trade relations, Mozambique forms part of the top five South African trade partners within the SADC region. Trade between South Africa and Mozambique has been on a steady increase since 2011 with mineral products accounting for the largest share of exports from Mozambique whilst South Africa’s exports to Mozambique have been generally more diversified.
As a relatively under-developed economy or low income country as classified by the International Monetary Fund (IMF), Malawi has faced its fair share of developmental struggles over the years such as curbing its rampant unemployment and poverty levels. The country faces significant developmental challenges stifling its economic welfare and development.
As is the case in the majority of countries across the globe, Angola’s GDP remains sluggish in line with lower global output, resulting in relatively depressed GDP growth when contrasted with prior years. For instance, in 2014 GDP growth sat at 4.8% then settled at 2.8% in 2015 according to World Bank data, a substantial contraction largely influenced by lower global commodity prices.