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Economic Report on Africa 2010

Promoting High-level Sustainable Growth to Reduce Unemployment in Africa

image of Economic Report on Africa 2010

The report focuses on how the recent global economic downfalls have compounded the unemployment rates in most African countries, thus also hindering real economic growth. Organized into two sections, ERA 2010 dissects the current unemployment trajectory citing both macro and microeconomic contributing factors. Additionally, the publication stresses on establishing the current economic climate as a learning tool for developing a comprehensive development planning framework.

English

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Foreword

The lingering effects of the recent global financial and economic crisis took a heavy toll on economic activity in Africa, retarding progress towards achieving the continent’s development goals. With economic growth declining, the numbers of the unemployed as well as poverty rates have risen, particularly among vulnerable groups. In many countries, the crisis has jeopardized progress towards meeting the Millennium Development Goals (MDGs) and the objectives of AU and its NEPAD programme.

English

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