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African Economic Outlook 2012: Promoting Youth Employment Product Image

African Economic Outlook 2012: Promoting Youth Employment

  • Published: May 2012
  • Region: Africa
  • 301 Pages
  • OECD Publishing

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.

While keeping an eye on new economic storm clouds in Europe, Africa must keep its focus on reforms that encourage growth and ease the social tensions that set off the Arab revolutions and caused North Africa´s gross domestic product (GDP) growth to decline by 3.6 percentage points to near stagnation in 2011. In Egypt there was a 3.3 percentage point fall to growth of below 2% in 2011, and in Tunisia by 4.2 percentage points to negative growth of around 1%. In Libya, civil war brought oil production to a standstill and GDP shrank by more than 40%. In Côte d´Ivoire, post-election conflict caused GDP to decline by almost 6%. Another major political READ MORE >

Part One: Africa’s Performance and Prospects
-Chapter 1: Macroeconomic Prospects
-Chapter 2: Domestic and External Financial Flows
-Chapter 3: Trade Policies and Regional Integration
-Chapter 4: Human Development
-Chapter 5: Economic and Political Governance

Part Two: Special Theme
-Chapter 6: Promoting Youth Employment

Part Three: Country Notes (Full-length country notes and report are available on www.africaneconomicoutlook.org)
-Burkina Faso
-Cape Verde
-Central African Republic
-Congo, Democratic Republic of the
-Congo, Republic of the
-Côte d’Ivoire
-Equatorial Guinea
-Sæ#163;o Tomé and Príncipe
-Sierra Leone
-South Africa
-South Sudan

Part Four: Statistical Annex

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