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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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Eritrea

OECD Development Centre

Economic growth in Eritrea was strong in 2011, estimated at 8.2% compared to 2.2% in 2010. Underpinning this performance was the coming on stream of mining projects with substantial foreign investment (notably the Bisha gold mine) and high levels of production of silver, copper and zinc. Growth is projected to fall to 6.3% in 2012 however, before halving in 2013 due to expected falls in world mineral prices. The authorities believe that the country has good medium to long-term prospects for offshore oil production, fishing and tourism.

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