Economic Report on Africa 1990

Abstract

This Economic Report on Africa 1990, which provides an analysis of the main socio economic trends and issues in the African region in 1989 and outlook for 1990 as well as updates the Preliminary Assessment of the Performance of the African Economy in I989 and Prospects for 1990 which I undertook before the Corps Diplomatique and International Press in Addis Ababa on 15 January 1990 has been prepared by the staff of the United Nations Economic Commission for Africa. The year 1989 marks the end of the tumultuous decade of the 1980s - which, all are agreed, in terms of development opportunities, was lost to Africa and the beginning of the new and perhaps even more challenging decade of the 1990s.The economic outlook for 1990 will critically depend, as was in the past, on both internal as well as external factors, the most important of which are the weather situation, the progress in the implementation and sustenance of effective policy reforms for trans formation, and the developments in the international economic environment.