Cote d'Ivoire Economic Outlook
November 13, 2018Cote d’Ivoire continued to show resilience in the second quarter, with economic growth ticking up to 7.6% year-on-year. Moreover, available data for the remainder of the year suggests another sterling outturn. Favorable weather conditions have put cocoa farmers on track for a record-breaking harvest which, combined with higher farmgate prices, should boost household spending. Confident of solid growth over the medium-term thanks to buoyant demand for cocoa and the government’s National Development Plan (NDP), Moody’s affirmed its stable outlook on Cote d’Ivoire’s Ba3 credit rating on 11 October. On 25 October, Cote d’Ivoire and Ghana announced they were close to an agreement aimed at cornering the cocoa market, with hopes of eventually lifting prices.
Cote d'Ivoire Economic GrowthBuoyant growth is expected to continue through to next year amid higher commodity prices and on the back of strong investment, which should benefit from the government’s NDP-related infrastructure spending. Political uncertainty in the run-up to the 2020 presidential election is a short-term downside risk. Met the why particular panelists see growth at 7.2% in 2019, unchanged from last month’s forecast, and 6.8% in 2020.
Cote d'Ivoire Economy Data
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Cote d'Ivoire Facts
|Exchange Rate||573.7||-1.11 %||Dec 11|
|Stock Market||0.4||0.0 %||Dec 11|
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