Cote d'Ivoire Economic Outlook
November 14, 2017Recent data suggests that economic momentum remains uneven. On the one hand, industrial production rebounded in August, and the opening of a new hydro plant at the beginning of November has increased electricity generation by more than 10%. On the other hand, heavy rains over the summer have led to rampant disease among cocoa crops, the country’s primary export, and early figures for the season revealed that crop output was down nearly 20% in October over the same period last year. Prices for the commodity have fallen notably over the past year due to an oversupplied market. The most recent GDP data revealed that growth decelerated in Q2, after Q1’s buoyant reading.
Cote d'Ivoire Economic GrowthFocusEconomics panelists see the country growing a robust 6.8% in 2018, down 0.2 percentage points from last month’s projection. Subdued inflation should bolster household spending, and an IMF program is encouraging market-friendly reforms. In 2019, GDP growth is seen moderating slightly to 6.5%.
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||581.2||-1.11 %||Dec 06|
|Stock Market||0.4||0.0 %||Dec 06|
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