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Why is macroeconomic stability for a country important?
Macroeconomic stability shields the country against the adverse effects of vagaries of the global market. Although it is an insufficient measure, it safeguards the economy against unexpected shocks as a way of supporting the process of growth. Fluctuations in the global market endanger the well-being of an economy. They can lead to the downfall of the GDP and lead to unexpected economic problems. Some of the most significant shocks include: