Economic Report on Africa 2023

Economic Report on Africa 2023

Building Africa’s Resilience to Global Economic Shocks

Format *
The 2023 Economic Report on Africa focuses on the impact of multiple and recurring global shocks on African economies and the extent to which these shocks impede Africa’s prospects for achieving the targets set in the Sustainable Development Goals. The principal lessons are that shocks of various magnitude, duration and recurrence have played a major part in shaping economic performance in the last several decades, undermining Africa’s aspirations for sustained growth and rapid economic transformation that could benefit from demographic (youth bulge) and geographic (urbanization) trends. In addition, successive shocks have had scarring effects that have made it difficult for African economies to recover fully even after a short-lived shock such as the Global Financial Crisis. More important, the damages caused by shocks could morph into other domains such as political instability and conflict, undermining recovery and resilience to future shocks. The report also emphasizes the opportunities presented by the shocks to implement long overdue structural and public finance reforms that take full advantage of such regional initiatives as the African Continental Free Trade Area.

Details:

Agency/Department
UN/Economic Commission for Africa
Print ISBN
9789210029773
PDF ISBN
9789213586341
EPUB ISBN
9789213586365
Print Publication Date
PDF Publication Date
Page Count
168
Print Sales Number
23.II.K.1
Series Title
Economic Report on Africa

We do not currently sell e-books on our site however if you'd like to find out where you can purchase one please click here.