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African Economic Outlook was an annual reference book-journal which focused on the economics of most African countries. It reviewed the recent economic situation and predicted the short-term interrelated economic, social, and political evolution of all African economies.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12] [13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
Nairobi is the economic powerhouse of East Africa, serving as the region's primary financial center and hosting major corporations and banks. Its robust infrastructure and growing technology sector significantly contribute to economic activities and innovations across the region.
The 16th World Economic Forum on Africa: Going for Growth was a World Economic Forum economic summit meeting held in Cape Town, South Africa, from May 31 to June 2, 2006.The summit was attended by some 650 political and business leaders from 39 countries, focusing particularly on rapidly increasing African commodity prices.
The 4th edition, initiated in 1992 and again in 1994–1995, has three volumes: World Problems (vol. 1), Human Potential – Transformation and Values (vol.2), Actions – Strategies – Solutions (vol. 3). A CD-ROM version, Encyclopedia Plus, is also published. The online edition was initiated in 1997 and completed in 2000. [21] [22]
South Africa's National Treasury criticized the statement by Moody's saying, "It's not possible that we'll end up in recession." He added that the government may revise lower its 4 percent growth forecast for the year following growth of 5.1% in 2007. Car sales in South Africa dropped an annual 22 percent in June due to higher interest rates. [2]
Austin, G. "Reciprocal Comparison and African History: Tackling Conceptual Eurocentrism in the Study of Africa’s Economic Past. African Studies Review 50(3) 2007. 1–28. Austin, G. "The ‘Reversal Of Fortune’ Thesis and the Compression of History: Perspectives from African and Comparative Economic History. Journal of International ...