Blog Posts

Dependence on commodities, high debt, and weak infrastructure make African economies more vulnerable. Stronger and more diversified trade networks can enhance their resilience and drive growth.

Africa is at the epicentre of overlapping global crises – economic shocks, climate disruptions and geopolitical tensions – that compound vulnerabilities. UN Trade and Development’s (UNCTAD) Economic Development in Africa Report 2024 highlights how economies face heightened uncertainty during major shocks, including the 2008 financial crisis, the 2014 commodity price collapse and COVID-19.

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https://unctad.org/news/africas-vulnerability-global-shocks-highlights-need-stronger-regional-trade