Cote d'Ivoire Economic Outlook
January 22, 2019The economy maintained its strong momentum in the third quarter (Q3: +7.7% year-on-year) on the back of sturdy domestic demand and despite volatility in commodity prices. Industrial output was upbeat as food-processing firms increased capacity in light of improving business conditions and a rising population. Agricultural production, however, lost traction as a result of an outbreak of swollen-shoot disease that took a toll on cocoa output—the country’s main export. To that effect, reduced cocoa yields, coupled with still-low prices, likely moderated external-sector gains through year-end.
Cote d'Ivoire Economic GrowthMomentum is expected to carry through into this year, underpinned by robust domestic activity and stable external sector expansion, as improved growing techniques bolster agricultural production. To that effect, exports are set to rise, on the heels of growing global demand for cocoa-made products. On the downside, political instability is expected to increase in the run-up to the 2020 presidential election. Our panel sees growth at 7.1% in 2019, which is unchanged from last month’s forecast, and at 6.9% in 2020.
Cote d'Ivoire Economy Data
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Cote d'Ivoire Facts
|Exchange Rate||581.2||-1.11 %||Feb 14|
|Stock Market||0.4||0.0 %||Feb 14|
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