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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using 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.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Burkina Faso

OECD Development Centre

BURKINA’S VERY HIGH GROWTH RATE of 8 per cent in 2003 showed the economy’s resilience in the face of the worsening crisis in neighbouring Côte d’Ivoire, even if part of it was due to one-off factors such as excellent cotton and record cereal harvests. An external shock of this kind should have had not only economic consequences (from closure of the trade corridor through Côte d’Ivoire, congestion and premature deterioration of roads and...

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