Along with the global economic recovery and rebounding in crude oil prices,the West Asian and African Economy(WAA)regained growth momentum in 2010,and the economic fundamentals were good. In the first half of 2011,closely linked with world economic environment,the WAA region's economy continues to grow,but in the second half of the year,growth will stall amid uncertainty.The South Saharan Area's(SSA)economy continues to expand,but downside risks have risen,the growth rate will be slower than it was in 2010.There are more than seventy countries in the WAA region,and considerable variations exist in growth rates across the countries.The region's largest economies,such as Saudi Arabia,Nigeria,Turkey and South Africa ,show a good momentum of economic growth,while Egypt,Libya and C te d'Ivoire,become a drag on the region's economic growth due to political unrest or war.The WAA economy will continue to grow in 2012 but will face downside risks because of the negative influence of the European Sovereign debt crisis.The West Asian and North African economies are expected to grow at 3.8 percent,slower than 4 percent in 2011;the economies in SSA are projected to grow at 5.8 percent,higher than 5.2 percent in 2011.To control inflation,increase job and diversify economic activities will be the common challenges that all countries will face in the coming years.
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