Cote d'Ivoire Economic Outlook
June 19, 2018Available data points to a brisk start to the year on the heels of 2017’s robust outturn. Investor confidence continues to rebound following last year’s armed mutinies and was further buoyed in recent months by the IMF’s successful loan review. Although cocoa prices faced a sharp correction in recent weeks, prices have trended higher this year, boding well for the country’s key export commodity. Moreover, a solid mid-crop harvest should boost household spending this year. In an effort to consolidate gains, the government announced an agreement in June to adopt a common export strategy with neighboring Ghana.
Cote d'Ivoire Economic GrowthBuoyant growth is again expected this year in one of Africa’s fastest-growing economies as the recovery in cocoa prices supports household spending and backstops the external sector. Further government spending and capital outlays, as set out in the National Development Plan, will lend additional support. FDI inflows, particularly in the agro-industrial sector, could accelerate over the medium term if plans materialize for a special economic zone shared with Mali and Burkina Faso. FocusEconomics analysts expect growth of 7.2% in 2018, up 0.1 percentage points from last month’s forecast, and 7.0% in 2019.
Cote d'Ivoire Economy Data
5 years of Cote d'Ivoire economic forecasts for more than 30 economic indicators.
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Cote d'Ivoire Facts
|Exchange Rate||564.0||-1.11 %||Jul 13|
|Stock Market||0.7||0.0 %||Jul 13|
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