Preliminary assessment of the performance of the African economy in 1995 and prospects for 1996 : end-of-year statement

Abstract

The world economy continued on the path of recovery from the political and economic upheavals of the last decade and the global recession of the early 1990s. Perhaps even more important, current trends in the world economy, such as the globalization of markets and production, rapid technological change, growing economic interdependence of nations and of production enterprises, and the proliferation and intensification of regional trade blocs, among others, have further gathered momentum. It is against this background that the performance of the African economies in 1995 must be examined.