The Millenium Development Goals Have Left the Building

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What many suspected has just been confirmed by a new report, African Economic Outlook 2008/2009, issued by the African Development Bank, the OECD Development Center and the U.N. Economic Commission for Africa. According to the report, the continent will be “gravely” affected by the global economic downturn: Following half a decade of above 5 percent economic growth, the continent can expect only 2.8 percent in 2009, less than half of the 5.7 per cent expected before the crisis. The authors anticipate growth rebounding to 4.5 per cent in 2010. Growth in oil-exporting countries is expected to fall to 2.4 per […]

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