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African Economic Outlook 2012: Promoting Youth Employment

Author: African Development Bank, Organisation for Economic Co-operation and Development, UN Development Programme, UN Economic Commission for Africa
Organisation: African Development Bank, Organisation for Economic Co-operation and Development, UN Development Programme, UN Economic Commission for Africa
Publish Date: 2012
Country: Africa
Sector: Economic
Method: Foresight
Theme: Employment
Type: Report
Language: English
Tags: Macroeconomic prospects, Financial flows, Trade policies, Regional integration, Human development, Economics, Political governance, Youth employment

This 11th edition of the African Economic Outlook (AEO) is marked by a “twin-track” performance: while the North African region gradually recovers from the political events that affected several countries, sub-Saharan Africa is growing strongly. The continent is well placed to press ahead with structural reforms and lay the groundwork for strong and sustainable growth in the medium term. In 2011, Africa continued to recover from the adverse effects of the global crisis and remained amongst the fastest growing regions of the world. After a strong rebound of 5% in 2010, GDP grew by 3.4% in 2011. The latter displays important regional differences in performance. North Africa, for example, grew by only 0.5% as economies settled down after the political changes. Sub-Saharan African economies grew by more than 5%, although the figure is much higher when South Africa, which grew at 3.1%, is excluded. In spite of higher food and fuel prices, inflation was contained to single digits in all regions of the continent except East Africa, where it reached 17%.
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