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IMPACT OF GLOBAL AND REGIONAL ECONOMIC SHOCKS ON AFRICAN ECONOMIES
Open AccessJournal Type: Research ArticleSubject: Social Sciences & PsychologySubject Field: Humanities and Social SciencesVolume:161, Issue: 1, November, 2024Publish Date: 22 November 2024

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Pages: 42-53

Abstract

This paper analyses the impact of global and regional economic shocks on African economies, focusing on their resilience and adaptability. It examines the interconnectedness of these shocks and their effects on African countries, providing insights into their vulnerabilities and resilience in the face of economic disruptions. The study uses statistical findings and case studies to assess these impacts, finding significant variance in responses influenced by factors like economic diversification, institutional quality, and regional integration efforts. Recommendations are provided to foster economic sustainability and build resilience to shocks in the continent.

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