Economic Report on Africa 2012

Unleashing Africa’s Potential as a Pole of Global Growth

image of Economic Report on Africa 2012

This publication assesses long-term trends in Africa’s growth, analyses the factors behind the recent growth momentum, and provides global perspectives on the key challenges to be addressed, which are critical to unleashing the role of Africa as a global growth pole. The main aim of this publication is to facilitate discussion on concrete policy directions and actions at both national and regional levels that would help Africa realize its growth potential. As in previous editions, the first part of the report examines recent economic and social developments as well as some selected current and emerging development issues in Africa. The second part focuses on the question of how to address key constraints and unleash the potential of the continent as a new pole of global growth.



Economic and Social Developments in Africa and Prospects for 2012

After a decade of impressive economic growth, Africa’s momentum slowed in 2011, weighed down by contraction of economic activity in North Africa due to political unrest there, and the lingering indirect effects of the 2007-2009 global economic and financial crises in developed countries.


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