African Economic Outlook. New report

Newsletter on the economy of African countries from the OECD Center in Berlin

June 9th, 2012Newsletter on the economy of African countries from the OECD Center in Berlin: 

The period of economic recovery in Africa was interrupted by the revolutionary wave of demonstrations and mass protests in the northern part of the continent which significantly affected the economic indicators in the region. The growth rates of the economy decreased from 5% in 2010 to 3.4% in 2011. However, the predicted favorable conditions on the world goods’ market and stabilization of internal economic conditions in Arabic countries will enable Africa to achieve a 4.5% GDP growth in 2012 and 4.8% in 2013.  

From the experts’ point of view, the risk of the trading volume decrease is most dangerous for the region’s economy. It is also noted in the report that the market conditions of the region and situation on the labor market will depend a lot on the depth of the European crisis and the extent of its influence on the world economy. 

The 11th volume of the annual "African Economic Outlook" summarizes current socioeconomic and political trends and prognoses of the 53 African countries’ development. It gives special attention to the issue of youth employment stimulation.  You may get familiar with the main results of the research at www.africaneconomicoutlook.org.  

The report can be accessed by the OECD eLibrary subscribers.