Here is How Africa Can Overcome the Emerging Market Downturn

In January 2016, oil prices fell to their lowest levels in more than a decade. Meanwhile, China, the world's second-largest economy, is experiencing its most sluggish growth in a quarter century-compounding the downward trend in commodity prices and dampening the global economic outlook. Atlantic Council Africa Center's Peter Pham and Aubrey Hruby argue in this article adapted from their new report Embracing Impact: How Africa Can Overcome the Emerging Market Downturn, that even though the effects of this broad slowdown will hurt African economies more than most, "some countries-including Morocco and some of those in East Africa-will weather the downturn better than their neighbors and will use current economic conditions as an opportunity to effectively prepare for the next price shocks."