African Economic Outlook 2009

image of African Economic Outlook 2009

The international financial crisis increases the relevance of this annual publication jointly published by the African Development Bank, the OECD Development Centre and the United Nations Economic Commission for Africa (UNECA). Decision makers in African and OECD countries, such as aid agencies, investors, NGOs and government officials of aid-recipient countries, will all find the analysis critical to their activities.

The African Economic Outlook 2009 reviews the recent economic situation and predicts the short-term evolution of 47 African countries which account for 99% of the continent's economic output and 97% of its population. The Outlook is drawn from a country-by-country analysis based on 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.

The 2009 edition focuses on innovation and information and communication technologies (ICT) in Africa, presenting a comprehensive review of their proliferation and use on the African continent. A statistical appendix completes the volume.

The AEO project is generously supported by the European Commission and combines the knowledge of the African Development Bank and the UNECA on African economies with the expertise accumulated by the OECD, which produces the OECD Economic Outlook twice yearly.

This publication provides dynamic links (StatLinks) for graphs and tables. These StatLinks direct the user to a web page where the corresponding data are available in Excel® format.

English Also available in: French


OECD Development Centre

WITH GROWTH AVERAGING 20 PER CENT over the last three years, Angola ranks among the fastest-growing economies in the world. The growth rate slowed to an estimated 15.8 per cent in 2008 and is expected to turn negative in 2009 before rebounding in 2010. After 27 years of civil war, reconstruction is proceeding, largely financed by oil revenues, which have been developed through foreign investment by the major oil companies. Due to rising food prices, inflation increased to 13.2 per cent in 2008 but is expected to diminish as world commodity prices decline and domestic demand falls off. A technical accident lowered oil output in 2008. The fall in oil prices and the reduction of the production quotas of the Organisation of the Petroleum Exporting Countries (OPEC) will dampen growth in 2009.

English Also available in: French

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