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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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Kenya

OECD Development Centre

In 2011 Kenya’s economy recorded “checked” growth, primarily driven by financial intermediation, tourism, construction and agriculture sectors. Gross domestic product (GDP) growth rate for the first nine months was estimated at 4.2%, down from 4.9% in the same period in 2010. Overall, growth in 2011 was curtailed by an unstable macroeconomic environment characterised by rising inflation, exchange rate depreciation and high energy costs. The country also experienced limited rainfall in the first half of 2011, which affected aggregate food production. The year 2011 is therefore expected to record moderate positive growth estimated at 4.5%. Growth is expected to rise to 5.2% in 2012, and to 5.5% in later years.

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