African Economic Outlook 2009
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African Economic Outlook 2009

The international financial crisis increases the relevance of this annual publication jointly published by the African Development Bank, the OECD Development Centre and the United Nations Economic Commission for Africa (UNECA). Decision makers in African and OECD countries, such as aid agencies, investors, NGOs and government officials of aid-recipient countries, will all find the analysis critical to their activities.

The African Economic Outlook 2009 reviews the recent economic situation and predicts the short-term evolution of 47 African countries which account for 99% of the continent's economic output and 97% of its population. 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 two following years, 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, placing the evolution of African economies in the world economic context.

The 2009 edition focuses on innovation and information and communication technologies (ICT) in Africa, presenting a comprehensive review of their proliferation and use on the African continent. A statistical appendix completes the volume.

The AEO project is generously supported by the European Commission and combines the knowledge of the African Development Bank and the UNECA on African economies with the expertise accumulated by the OECD, which produces the OECD Economic Outlook twice yearly.

This publication provides dynamic links (StatLinks) for graphs and tables. These StatLinks direct the user to a web page where the corresponding data are available in Excel® format.

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English
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Author(s):
OECD

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AS A SMALL OPEN ECONOMY FULLY integrated into world markets, Mauritius is vulnerable to external shocks. In the recent past it has had to deal with a sharp reduction in the preferential price of its sugar exports to the European market, as well as high food and oil prices. In spite of those three shocks, the Mauritian economy has been very resilient. However, it is now facing another external shock, namely the global slowdown arising from the financial crisis. As a result, the Mauritian economy grew by 4.8 per cent in 2008, a lower rate than expected, something that can be attributed to the lacklustre performance of the textile and tourism sectors, especially towards the end of the year.
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