Africa: Continent braces for worst economic crisis as global trade falters

The United Nations has warned that the global fin ancial turmoil has sparked a crisis in the global trading arena, whose impact would affect the growth of African economies which have for a long time depended on export-led growth. The United Nations Economic Commission for Africa (UNECA) announced Thursday in its World Economic Prospects 2009 that African economies would feel the severe effects of the sliding global trade prospects and the falling cost of oil prices.