Africa and the financial crisis

This book provides a clear and accessible account of the global financial crisis, which had its origins in the United States with the subprime crisis of 2007. This was a crisis in the US mortgage market, which spread throughout the US financial, banking and economic systems, and then to the rest of the world. The crisis led to a recession in the United States and Europe and had a significant impact on economies worldwide, triggering a social crisis in many countries. Africa, which initially appeared to have been relatively spared by the crisis due to its limited integration into the international financial system, also suffered the consequences of the global economic contraction, which reduced the flow of foreign capital to the continent. The region's economic future depends largely on how the global economic situation develops.

Pages: 76, Paperback, Our Knowledge Publishing