Côte d'Ivoire

Improving macroeconomic conditions since the end of the Second Ivorian Civil War in 2011 have seen Côte d’Ivoire quickly becoming one of the standout performers on the African continent. Robust economic growth and an expanding industrial base bode well for another strong year in 2020, but the continued disruptions to global trade caused by the ongoing coronavirus pandemic have severely lowered prospects for the year. The persistence of the crisis along with fears of a second wave of infections has led us to further lower our growth forecast, as we now expect the economy to contract by 0.4% in 2020. Weak global demand will erode export revenues, private consumption will fall, and investment expenditure will stagnate as global uncertainty grows. Public funds will be redirected towards crisis response spending as government’s fiscal consolidation efforts are put on hold in the interim. On the political front, there is an increased risk of instability in the run-up to the presidential election in October, with current President Alassane Outtara’s controversial announcement that he will run for a third-consecutive term bound to cause an uproar. (Source: Côte d'Ivoire Quarterly Update, published August 2020.)

Macroeconomic Data

(2019)