African Economic Outlook 2010

This year’s edition of the AEO finds Africa’s economies weakened by the global recession and at the same time under pressure to make additional efforts to achieve the Millennium Development Goals. The world economic crisis brought a period of high growth in Africa to a sudden end. Average economic growth was slashed from about 6% in 2006-2008 to 2.5% in 2009 with per capita GDP growth coming to a near standstill. The global crisis of 2009 had its strongest effect on southern Africa, where growth was slashed (from the average over the preceding three years) by almost 8 percentage points to negative growth of around 1%.