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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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Liberia

OECD Development Centre

LIBERIA IS A FRAGILE STATE UNDERGOING a postconflict transformation with the assistance of the international community, which has deployed peacekeepers and police personnel to support the stability of the country’s political and security situation. Within the constraints of several war-induced impediments, including a collapsed infrastructure, degraded institutional capacity and loss of experienced and skilled manpower, the economy has rebounded strongly following the cessation of conflict. Real GDP growth has risen strongly since 2004, reaching an estimated 8.0 per cent in 2007. As a consequence of the gradual improvement in security in rural areas agricultural production has revived, and there has been a resumption ofmining and forestry activity. RealGDP growth is projected to rise to 9.2 per cent in 2008 and further to 11.0 per cent in 2009.

English

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