Côte d’Ivoire’s govt revises growth forecast downwards to 1.8%, from 7.2% initially
Thursday, 27 August 2020 13:40
Initially seen at 7.2%, Côte d’Ivoire’s economic growth is now expected to be 1.8% due to the impact of the coronavirus on the economy.
Speaking during the opening of the AfDB annual meetings on August 26, the Ivorian President, Alassane Ouattara (pictured), said the weakest performances will come from Agriculture, construction, transport, and tourism, which are the most affected sectors.
The new growth outlook is close to that envisaged by the “median” scenario prepared by the country’s authorities concerning the impact of Covid-19 on the economy. Growth under this plan was seen at 1.6% of GDP in case the pandemic is controlled at the end of September 2020.
Better forecasts were however made by the International Monetary Fund (IMF), which sees the Ivorian economic growth at 2.7% for 2020, against 6.9% in 2019.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Mali Targets Stronger Infrastructure Protection With 2026–2030 Cyber Plan
06:25
-
UK, Chinese Firms Line Up for Uganda’s Orom-Cross Graphite
06:24
-
Benin Poised to Overtake Mali as West Africa’s Top Cotton Producer in 2025/26
06:22
-
Liberia Turns to Huawei to Speed Up Digital Inclusion Drive
06:18
-
Cameroon’s Leasing Margins Plunge 73.6% as Sector Activity Slows Sharply
16:53
-
Cameroon’s Mobile Money Industry Accelerates, Topping CFA135.84bn
16:50
-
Officials Reveal Rice Project on Track to Slash Import Bill and Meet Local Demand
15:19
-
Cameroon Secures New Economic Push as UNDP and Brazil Back Women-Led and Agro-SME Growth
14:42
-
South Africa’s Capitec to Buy Walletdoc for $23.5 Million
14:15
-
Egypt’s MoneyHash, Saudi Amwal Tech to Expand Local Payment Options
14:12
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...
Mali approves its first fully coordinated national cybersecurity strategy. The country ranks Tier 4/5 on the ITU Global Cybersecurity Index,...
Orom-Cross plans to produce 20,000 tons of graphite annually in Phase 1, with $40 million in startup capital. Blencowe Resources signed a new...
PR-PICA forecasts Mali’s 2025/26 seed-cotton output at 433,700 tons, down 34% year-on-year. Benin’s harvest is expected to reach 632,000 tons,...
Liberia’s telecom regulator and Huawei discuss deploying the “Digital Village” model, including smart classrooms, solar power and an Internet...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...