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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Chapter
 

Zambia You do not have access to this content

English
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Author(s):
OECD

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IN 2008, ZAMBIA’S GROWTH DECLINED TO 5.5 per cent from 6.21 per cent in 2007 due mainly to the sharp decline in copper prices. A further reduction in growth to 2.8 per cent is expected for 2009 due to the global recession. The increase in food and oil prices overall were the main causes of the substantial increase in inflation in 2008, which reached 16.6 per cent yearon- year in December. For 2009 and 2010, average inflation is expected to decline to single-digit levels as oil and food prices are expected to remain at their levels of end 2008.
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