A preliminary assessment of the economic performance in 1981 and prospects for 1982 : end of year Statement

Abstract

A preliminary assessment of the economic performance in 1981 and prospects for 1982: End of year statement delivered by Dr. Adebayo Adedeji. The economic performance of most African countries during the past twelve months has, unfortunately, confirmed this forecast. On the basis of currently available information the African economy has grown by only about 3 per cent in 1981 a rate of growth which is only slightly higher than that of population growth and which, means that there has been no improvement in the living conditions of the people. 1981 saw the achievement of a major breakthrough in the development of larger African markets through multinational regional cooperation.