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1.7 Conclusion: Economic Report on Africa 2007

 
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1.7 Conclusion: Economic Report on Africa 2007
   

Overall, the medium-term outlook for the world economy remains modest. In addition, global imbalances remain large and weigh heavily on growth prospects. However, there remain some risks for African countries arising from competition from Asia and the weakening of housing markets in advanced economies which could reduce demand and weaken commodity prices. Thus, African countries need to observe these international developments carefully. Measures to reduce vulnerability to external shocks, to increase diversification and to strengthen domestic demand are crucial to sustaining the recent growth recovery in Africa. To learn more about this author, visit United Nations Economic Commission for Africa's Website.

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About the Author


United Nations Economic Commission for Africa
(Visit United Nations's Website)
The United Nations Economic Commission for Africa (ECA) is the regional arm of the United Nations, mandated to support the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa's development.
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