Cote d'Ivoire Economic Outlook
September 18, 2018Cote d’Ivoire’s momentum looks to have endured into the second half of the year despite the volatility in cocoa prices, which erased their early-year recovery in recent months. As the world’s leading cocoa producer, export volumes underpin consumer spending and, as such, the government has made a number of attempts to boost prices. The latest proposal came in early September when it agreed to set a floor price with neighboring Ghana, highlighting strong cooperation in an ever-closer relationship. Meanwhile, glowing reviews by the IMF this year have helped rekindle investor confidence following last year’s political turmoil and hint at a recent bump in capital spending.
Cote d'Ivoire Economic GrowthMet the why particular analysts expect resilient growth next year as higher prices for several key export commodities support household spending and backstop the external sector. Over the coming years, improving fiscal metrics and rapid infrastructure development should encourage stronger FDI inflows. However, although analysts see growth firm at 7.4% in 2018 and 7.1% in 2019, political stability appears increasingly fragile in the run-up to the 2020 presidential election.
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||558.5||-1.11 %||Sep 24|
|Stock Market||0.8||0.0 %||Sep 24|
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