How The Next Global Financial Crisis Will Affect Africa
African countries were hit first by economic crisis before the health crisis from the corona virus outbreak in 2020. Once the corona virus broke out in China, Europe and North America, demand for Africa’s products plummeted. Most African countries depend on commodities for export. So this has made very huge economic impact. African countries were already dealing with this economic issue before covid-19 arrived in the continent accompanies.
In the words of Dr. NgoziOkonjo-Iweala, former FinanceMinister of Nigeria “I think this will be a difficult year, 2020, spilling over into 2021”
So the question is not whether there will be an economic crisis; the question is how severe will it be in the mid-term to long-term.
When the 2008 global financial crisis began over 10 years ago in the United States,followed by the United Kingdom, many initially thought it would not affect Africa – or at least not much. But it turned out to have significant impact on the continent. In today’s video, we’ll be exploring how the next global financial crisis will likely affect Africa, and how that will affect you. With this knowledge, you can better prepare yourself for impending crisis or at least not be taken unawares.
Before we get to it, if you haven’t already, consider subscribing to this channel to stay in touch for more insightful videos like this.
Visit our website to explore funding opportunities for Africans: https://www.afterschoolafrica.com
Subscribe to our newsletter: https://www.afterschoolafrica.com/sub...
Like our page on Facebook: / afterschoolafrica
Follow us on Twitter: / schoolafrica
Follow us on Instagram: / afterschoolafrica
Download After School Africa mobile app on Play Store: http://bit.ly/freeschalert
-----------------------------------------------------------------------------------------------------
FIND THIS USEFUL? LIKE & SHARE THIS VIDEO!!!
SUBSCRIBE TO OUR CHANNEL FOR MORE VIDEOS LIKE THIS!!! http://bit.ly/2Epic2T
------------------------------------------------------------------------------------------------------