Libya – An essential factor in Africa’s economic recovery

Africa is recovering strongly from the global crisis and countries like Libya are back on a high growth trajectory. This was the key message of the 2010 African Economic Outlook (AEO), launched in Tripoli, Libya.

The African Development Bank (AfDB), the Organisation for Economic Cooperation and Development (OECD) and the UN Economic commission for Africa (UNECA), jointly produces the report.

The continent is bouncing back from the crisis after having seen its GDP growth reduced from an average of about 6% from 2006-2008 to a mere 2.5% in 2009…read more

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