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African Economic Outlook 2013

Structural Transformation and Natural Resources

image of African Economic Outlook 2013

The African Economic Outlook is the only annual report that monitors in detail the economic performance of 53 individual countries on the continent, using a strictly comparable analytical framework.

The focus of the 2013 edition if structural transformation and natural resources in Africa. This edition draws lessons from Africa and elsewhere on how to accelerate structural change and amplify the positive force of natural resources. The report also features and overview of Africa's performance and prospects, country notes and a rich statistical annex.

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Namibia

OECD Development Centre

Namibia’s real gross domestic product (GDP) growth is expected to remain moderate at around 4.7% in 2012, reflecting the strong performance in mining and construction activities and high government spending. The latter has been aimed at cushioning the domestic economy from the severe impact of the global economic downturn and addressing persistently high rates of unemployment, poverty and inequality. The country’s growth prospects for the medium term remain favourable. GDP growth is projected to remain moderate at about 4.2% per annum in 2013/14 due to the deteriorating prospects for the global economy.

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