Oxford Economic Country Briefings, December 10th, 2007
Highlights and Key Issues * With oil output picking up slowly after two years of decline, GDP growth in 2007 is now officially put at 4.1%, much the same as in the previous year. The non-oil economy continues to grow quite strongly, helped by high commodity prices, a steady cocoa crop and more investment. * Growth of around 4.5% is projected in 2008, with a renewed fall in oil output being offset by rising manufacturing and agriculture output. The 2008 budget contains tax breaks and additional poverty-reduction spending and investment, with the impact of substantial debt reduction enabling a...
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