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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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South Africa

OECD Development Centre

2012 was one of the most turbulent years since 1994 as labour unrest in the mining sector crippled production. In addition, the country’s major trading partner, the euro area, slid into recession. Nevertheless, fixed investment accelerated in 2012. Economic growth picked up in 2012 but fell short of forecasts as export volumes barely expanded and consumer demand slowed. Economic growth is expected to benefit from expanded infrastructure investment and an increase in electrical capacity. That said, strong recovery will depend on the resolution of global challenges and on alleviating structural constraints.

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