African Economic Outlook 2003

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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

The importance of weather-dependent non irrigated agriculture in Morocco’s economy has made growth historically uneven. In 2001, the country recorded satisfactory results in both growth and the consolidation of macroeconomic stability. GDP increased by 6.5 per cent (compared with 1 per cent in 2000) fuelled by a 27.3 per cent surge in agriculture. GDP growth should be 4.2 per cent in 2002 and about 4 per cent in 2003. Inflation is expected to remain under control at 2.5 per cent in 2002 (driven by higher food prices) and to rise slightly, to 3 per cent, in 2003. To sustain growth, the government will have to press on with its reform programme and to bring industry up to standard in preparation for the 2012 implementation of the free trade agreement with the European Union...

English Also available in: French

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