Economics, Econometrics and Finance
4 years ago

Sudan's GDP growth boosted by oil price decrease, but unemployment rises.

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OIL PRICE SHOCKS AND THEIRS CONSEQUENCES ON SUDAN’S GDP GROWTH AND UNEMPLOYMENT RATES
Elsiddig Rahma, Noel Perera, Kian Tan

Paper Summary

Oil price fluctuations have a big impact on Sudan's economy. A study looked at how these fluctuations affect the country's GDP growth and unemployment rates from 2000 to 2014. They found that when oil prices drop, Sudan's GDP growth is affected more than when prices rise. Surprisingly, a decrease in oil prices actually leads to a decrease in unemployment rates in Sudan.

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