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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Zambia
OECD Development Centre
AGAINST A BACKDROP OF ECONOMIC decline in the preceding two decades, Zambia achieved its fifth consecutive year of solid growth, with GDP growing at 5.1 per cent in 2004, significantly above the target of 3.5 per cent, as a result of strong copper output and exceptionally good agricultural performance. Strong GDP growth is expected to continue over 2005-06, at about 5 per cent, on account of increasing mining production and continuous efforts to raise agricultural productivity. However, the economy has not diversified...
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