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African Economic Outlook 2012

Promoting Youth Employment

image of African Economic Outlook 2012

This 11th edition of the African Economic Outlook reviews recent economic, social and political developments and the short-term likely evolutions of 53 African countries. This year’s edition will for the first time cover Eritrea and South Sudan. The focus of the 2012 AEO is the promotion of youth employment in Africa, presenting a comprehensive review of both challenges and opportunities Africa faces in providing its young population with sufficient and decent jobs.

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

 

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Comoros

OECD Development Centre

In a difficult international economic climate, growth in the Comoros should reach 2% in 2011, driven by agricultural exports and essentially private final demand, supported by remittances from emigrants. These transfers represented 23% of gross domestic product (GDP) in 2011 and should stay at a comparable level in 2012 despite unfavourable economic conditions in France, the main host country for Comorian migrants. Growth should continue and reach 3.1% in 2012 and 3.5% in 2013. It should be underpinned by the start of work on several major infrastructure projects in the fields of transport, tourism and energy, even though their launch is likely to aggravate the budget deficit by increasing imports. The current account deficit should fall slightly in 2012 before increasing to 9.7% in 2013. Despite the application of strict money-supply management criteria by the Central Bank of the Comoros (BCC), growth in 2012 and 2013 should generate some inflation (see table 1).

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