Economic Report on Africa 1998

Abstract

Africa's economic performance in 1997 once again demonstrated the fragility of the recovery and underscored the predominance of exogenous factors in the determination of the out-turn. ECA preliminary estimates show that regional output increased by 2.9 per cent in 1997 compared to the 4 per cent in 1996 and the 2.7 per cent of 1995. Despite the considerable reduction in the overall rate of growth, per capita income increase by 0.1 percent.