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The 31 countries examined in this sixth edition of the African Economic Outlook account for some 86 per cent of Africa’s population and 91 per cent of itseconomic output.
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NAMIBIA HAS EXPERIENCED SEVERAL YEARS of moderate economic growth, due mainly to strong performance in diamond production and prudent macroeconomic policies. Growth averaged 4.5 % a year over the period 2000-05, and is expected to reach 4.8 % in 2006 and 2007 and 4.9 % in 2008.
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MOZAMBIQUE HAS ACHIEVED IMPRESSIVE economic expansion since the end of the civil war. Over the past five years, growth averaged 8.9 %. The economy is estimated to have expanded by 7.9 % in 2006.
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DESPITE THE POLITICAL CRISIS, ongoing since 2002, Côte d’Ivoire’s economy nonetheless registered growth estimated at 1.2 per cent in 2006. This slowdown resulted from delays in the start of reconstruction works, themselves incurred by delays in the peace process and an ongoing climate of insecur
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RWANDA HAS MADE CONSIDERABLE PROGRESS in rebuilding its economic and social infrastructure since the end of the 1994 war. Real GDP grew by, 6.3 per cent in 2005 and is estimated to have increased by 4.3 per cent in 2006.
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DESPITE AN IMPROVED ECONOMIC situation foreshadowing a brighter future, Congo is still suffering overall from the 1990s civil wars, whose devastatingeffects on the populations and infrastructures continue to weigh heavily on economic and social recovery.
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THE ETHIOPIAN ECONOMY has performed strongly in recent years. Growth has averaged an impressive 8.9 per cent over 2004-06, driven mainly by strongagricultural growth along with expansion in industry and services.
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MACROECONOMIC STABILITY and prudent use of diamond export earnings have catapulted Botswana, a low-income country half a century ago, to its currentstatus as an upper middle-income country.
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Burkina Faso is one of the poorest countries in the world. More than 45 per cent of the population lives on less than a dollar a day. Nonetheless, development perspectives appear good based on recent economic performances.