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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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Senegal

OECD Development Centre

WITH A VIBRANT DEMOCRACY, relatively developed industrial sector and good geographic position, Senegal could replace pre-crisis Côte d’Ivoire as the motor for growth in French Africa. Following the collapse of agricultural production and a growth rate of just 1.1 per cent in 2002, the country has recovered with two consecutive years of marked economic growth: 6.5 per cent in 2003 and an estimated 6 per cent in 2004. Although partly due to exogenous...

English

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