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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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Macroeconomic Prospects

OECD Development Centre

Africa’s economy should see a rebound in 2012 after popular uprisings and political unrest brought overall economic growth down to 3.4% in 2011. The continent is recovering from the global crisis of 2009 and this should be sustained even though a new global slowdown is constraining Africa’s growth. With the gradual recovery of North African economies, Africa´s average growth is expected to rebound to 4.5% in 2012 and to 4.8% in 2013. The international environment will remain difficult in the near term.

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