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
-
African artists face a ‘geographic penalty’ in streaming payouts despite 22% revenue growth
18:47
-
Ethiopia to Reopen Talks on $1 Billion Eurobond Restructuring After Creditor Concerns
18:43
-
Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
18:40
-
Halima Gadji, between the glare of fame and the darkness backstage
18:35
-
Cameroon Ratifies Air Deal With Qatar, Opening Market to Qatar Airways
17:51
-
State Oil Firm SNH Reshuffles Leadership, Names Five Women to Senior Roles
17:48
-
Chinese Addax Petroleum accounts for about 30% of Cameroon oil output in 2025
18:02
-
Cameroon plans CFA4bn investment to improve Memve’ele hydropower reliability
17:53
-
Morocco Signs Three Deals to Strengthen Digital Offshoring
13:51
-
Khouloud Abada Launches RenYou to Streamline Skin Health Follow-Up
13:08
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new form of economic and digital independence. In practice,...
Ethiopia is placing technical and vocational training at the core of its growth strategy The policy targets youth employment amid high urban...
Madagascar accounts for nearly 60% of Africa’s clove output and export earnings Tanzania and Comoros rely heavily on cloves as key agricultural export...
Health developments range from the official end of the Marburg outbreak in Ethiopia to the launch of a central health data repository by Africa CDC. At...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...
Halima Gadji, the actress behind Marème, one of the most striking characters in the history of Senegalese television, has died. She was laid to rest on...