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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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Tanzania

OECD Development Centre

TANZANIA HAS MANAGED TO NOT ONLY overcome the aftermath of adverse weather shocks in 2005 and 2006 and an outbreak of Rift Valley Fever during 2007, but also shows signs of a recovering economy. Favourable weather conditions enabled a good harvest in 2007 and provided adequate water levels for the operations of hydropower dams that are themain source of electric power generation. The economy is projected to grow by 6.6 per cent in 2007 compared to 6.7 per cent in 2006.The outlook is encouraging for subsequent years aswell,withGDP growth expected tomaintain the same momentum, at 6.5 per cent in 2008 and 6.7 per cent in 2009. However, the recent increase in fuel prices, the newly announced wage regulations for the private sector and the political turmoil in Kenya may dampen this outlook.

English

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