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Africa and Global Economic Trends Quarterly Review - Second Quarter 2013
The upward growth trajectory of key emerging economies began to lose momentum in the second quarter of 2013.
This was due to a variety of factors: infrastructure bottlenecks and other capacity constraints in some economies, slower external demand growth, lower commodity prices, financial stability concerns and, in some cases, weak policy support.
GDP growth in China slowed to 7.5% in the second quarter of 2013, from 7.7% in the first quarter 2013 and 7.9% in the final quarter of 2012. China’s exports dropped by 3.1% in the second quarter, with a decrease in industrial production reacting to the central’s bank’s shift to a tighter monetary policy.
This was due to a variety of factors: infrastructure bottlenecks and other capacity constraints in some economies, slower external demand growth, lower commodity prices, financial stability concerns and, in some cases, weak policy support.
GDP growth in China slowed to 7.5% in the second quarter of 2013, from 7.7% in the first quarter 2013 and 7.9% in the final quarter of 2012. China’s exports dropped by 3.1% in the second quarter, with a decrease in industrial production reacting to the central’s bank’s shift to a tighter monetary policy.