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African Economic Outlook 2008

image of African Economic Outlook 2008

This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa.  Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues. This edition includes a special focus on technical and vocational skills development. The second part provides individual country reports for 35 countries.  Each country report provides an assessment of recent economic performance, projections for 2008 and 2009, an examination of structural issues, and a discussion of the political and social context.  The statistical annex presents 24 tables comparing economic and social variables across all the countries of Africa.

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Cameroon

OECD Development Centre

THE ECONOMY PICKED UP IN 2007 despite the continued decline in oil production, which has been undermining growth since 2005.Growth was estimated at 3.6 per cent in 2007, as against 3.2 per cent in 2006. This trend should continue in 2008 and 2009, with 4.8 and 4.6 per cent growth projected respectively. Public investment should be the main driver, fuelled by substantial resources liberated through debt reduction. The implementation of fiscal reform in 2008 should reduce the country’s dependence on diminishing oil revenues.

English

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