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African Economic Outlook 2011

Africa and its Emerging Partners

image of African Economic Outlook 2011

This tenth edition of the African Economic Outlook finds the continent on the rebound and expects it growth performance in the next years to resume at pre-crisis levels. The focus of the 2010 AEO is Africa's Emerging Economic Partnerships, presenting a comprehensive review of Africa's expanding economic relations with outside the continent that until very recently did not belong to the club of traditional “donors”, the OECD Development Assistance Committee. Africa benefits not only from the visible direct interactions with large emerging countries – investment, trade, aid – but also from the macroeconomic, political and strategic advantages that their rise has produced. As always, country chapters provide detailed information on a country-by-country basis and the statistical annex provides a wide variety of indicators for the countries covered.  This year, the AEA covers all African countries except Eritriea and Somalia.

Full-length country notes and report are available on www.africaneconomicoutlook.org

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Cameroon

OECD Development Centre

The rate of growth recorded two successive falls between 2007 and 2009. It fell from 3.3% in 2007 to 2.9% in 2008 and to 2% in 2009, before rising more than one percentage point in 2010 to stabilise at 3%. The projections for 2011 and 2012 are 3.8% and 5.3% respectively, based mainly on the strength of internal demand, notably domestic consumption. This has been driven by the benefits of financial arrangements related to the completion of infrastructure projects. Private investment in the non-oil sector should support growth by an average of 0.4 percentage points a year. At the same time, the oil sector should continue to play an important role in growth with the exploitation of reserves in the Bakassi area.

English

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