1.0 Recent Economic Trends and Prospects for 2007: Economic Report on Africa 2007
1.0 Recent Economic Trends and Prospects for 2007: Economic Report on Africa 2007
through various channels, including demand for African export commodities,
the impact on the trade balance and the cost of external borrowing (via world interest
rates). These developments are influenced by monetary, fiscal and trade policies
adopted by major industrialized countries as well as by exogenous events such as oil
price shocks.
Growth in the world economy remains dominated by the Asian economies, which
continue to grow at more than 8 per cent per annum. In contrast, growth in advanced
economies remains modest and is yet to reach the pre-2001 level. Key constraints to
growth include the massive global macroeconomic imbalances along with tight macroeconomic
stances in advanced economies, which prevent demand-led recovery.
High oil prices also undermine growth in both advanced and developing countries
through high production costs.
Some positive developments in the world economy are likely to sustain growth in
African countries. These include high export prices for export commodities due to
high demand especially from Asia, delivery of promised aid and debt relief, and
rising inflows of foreign direct investment (FDI) with an increasing share coming
from China and India, and higher inflows of workers’ remittances. However, these
developments need to be supported by adequate domestic pro-growth policies to
maximize the gains from increased external resources.
10 Recent Economic Trends and Prospects for 2007 Economic Report on Africa 2007 - To learn more about this author, visit United Nations Economic Commission for Africa's Website.
Like this article? Share it with your friends
Developments in the world economy have important implications for African economies
through various channels, including demand for African export commodities,
the impact on the trade balance and the cost of external borrowing (via world interest
rates). These developments are influenced by monetary, fiscal and trade policies
adopted by major industrialized countries as well as by exogenous events such as oil
price shocks.
Growth in the world economy remains dominated by the Asian economies, which
continue to grow at more than 8 per cent per annum. In contrast, growth in advanced
economies remains modest and is yet to reach the pre-2001 level. Key constraints to
growth include the massive global macroeconomic imbalances along with tight macroeconomic
stances in advanced economies, which prevent demand-led recovery.
High oil prices also undermine growth in both advanced and developing countries
through high production costs.
Some positive developments in the world economy are likely to sustain growth in
African countries. These include high export prices for export commodities due to
high demand especially from Asia, delivery of promised aid and debt relief, and
rising inflows of foreign direct investment (FDI) with an increasing share coming
from China and India, and higher inflows of workers’ remittances. However, these
developments need to be supported by adequate domestic pro-growth policies to
maximize the gains from increased external resources.
10 Recent Economic Trends and Prospects for 2007 Economic Report on Africa 2007 - To learn more about this author, visit United Nations Economic Commission for Africa's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
|
To learn more about the Evan Elite Author Program please contact us. |
 | |
|  |
Subscribe to United Nations's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Business / Personal Plan Performance Emotional Intelligence Ideal Website Template How To Work Crazy Busy |
|
 | ||
 |
Top 50 Franchising Blogs
Top 50 Franchising Blogs | |
 |
Top 50 SEO Posts - 2008
Top SEO Posts of the Year | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
