The African Economic Outlook is a joint project between the African Development Bank and the OECD Development Centre. The project, initially funded by the EU, combines the expertise accumulated by the OECD and the knowledge of the African Development Bank on African economies. The objective is to review annually the recent economic situation and the short-term likely evolutions of selected African countries. The Outlook is drawn from a country-by-country analysis based on a unique analytical design. This common framework includes a forecasting exercise for the current and the following year using a simple macroeconomic model, together with an analysis of the social and political context. It also contains a comparative synthesis of African country prospects. A statistical appendix completes the volume. Decision-makers and economists in African and OECD countries, both in the public and private sectors, aid agencies and investors will all find this volume of significant interest.
- 03 Apr 2003
This 2002/2003 edition of the African Economic Outlook (AEO) provides an assessment of the recent performance of 22 African economies, and of their prospects for 2003. The framework is similar to the 2001/2002 edition: the report is principally based on country chapters, in which we examine, for each of the countries covered, macroeconomic performances, macroeconomic policies, structural issues and the social and political context. Each country is subject to the same survey process, which provides the basis for well-informed comparative analysis, as exemplified in this overview chapter. Some adaptations to the initial framework of the 2001/2002 Report have been nevertheless introduced.