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 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."