Economic Trends in Africa: (The Economic Performance of Sub-Saharan African Countries)
40 Pages Posted: 15 Feb 2006
Date Written: September 1993
This paper surveys recent economic developments in countries in the African Department. In the aggregate, output growth continues to be sluggish, and it is expected that half of the countries will experience a declining income per capita in 1993. However, structural adjustment is making fast progress, especially as regards the liberalization of exchange and credit markets. This bodes well for an eventual improvement in economic performance.
JEL Classification: O55
Suggested Citation: Suggested Citation