Economic and Trade Developments

Global Trade Dynamics:

Concerns over the global trading system are prompting countries to focus on supply chain resilience, with the FIT Partnership (a group of small, medium, and trade-dependent countries) recently expanding its membership and committing to coordinated responses to supply chain risks.

China's Economic Slowdown:

The shift in China's economic model is raising concerns about ripple effects on African countries, who are now more vulnerable to changes in their largest trade and investment partner.

Energy and Markets:

Geopolitical tensions are causing volatility in oil and gold markets, with prices surging due to fears of supply disruptions from multiple global flashpoints.