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IMPACT OF GLOBAL AND REGIONAL ECONOMIC SHOCKS ON AFRICAN ECONOMIES

Volume: 161  ,  Issue: 1 , November    Published Date: 22 November 2024
Publisher Name: IJRP
Views: 49  ,  Download: 35 , Pages: 42 - 53    
DOI: 10.47119/IJRP10016111120247318

Authors

# Author Name
1 Oladayo Akinade
2 Babatunde David, Ph.D

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.

Keywords

  • Global
  • Regional
  • African economy
  • Shocks