African Economic Outlook 2003

image of African Economic Outlook 2003

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.

English Also available in: French


OECD Development Centre

Since devaluing its currency in January 1994, Cameroon’s economy has rebounded with annual growth in the range of 4 to 5 per cent. It is this and the country’s steady performance in recent years (despite unpredictable oil output) that has set Cameroon apart from its neighbours, highlighting its relatively diversified productive capacity. In the short term, the country is also benefiting from the construction of the Chad- Cameroon oil pipeline, which is providing a healthy level of investment. As a result, GDP growth is good at around 5.3 per cent in 2000/01 despite disorganisation in the forestry and the cocoa and coffee export sectors…

English Also available in: French

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