Preliminary assessment of the performance of the African economy in 1993 and prospects for 1994

Abstract

The paper deals Economic growth performance of the subregions was as follows:in North Africa, output is estimated to have grown by 0.1 per cent, in West Africa by 2.7 per cent,and in Eastern and Southern Africa by 1.5 per cent. Central Africa stagnated. A combination of continuing civil conflicts and political crises in some African countries, natural disasters, especially drought in two subregions, and the international economic environment marked by stagnation in the industrialized nations has been primarily responsible for the low growth of regional output this year. In 1993, population continued to grow at a rate of more than 3 per cent, causing Africa's income per capita to continue declining.