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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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Uganda

OECD Development Centre

SINCE YOWERIMUSEVENI and his National Resistance Movement (NRM) came to power in 1986, Uganda has recovered from the economic devastation wrought by Idi Amin. Annual output growth has averaged above 5 per cent, while fiscal consolidation and responsible monetary policy have brought inflation under control. This success has, however, relied heavily on foreign assistance. Uganda’s management of multiparty elections...

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