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:

• Currency fluctuations. Instability and unpredictability of currency strength adversely affect the monetary policies of a country. Macroeconomic stability protects the economy from such effects.
• Unsustainable inflation. Every country needs to minimize its vulnerability to the impact of high levels of inflation in the global market to shield itself from harmful exposure.
• Large debt burdens. Although the global market offers opportunities for countries, it is also risky in that it can also lead to a large national debt. Macroeconomic stability serves to protect the country from the possible rise of such liabilities.