Côte d’Ivoire:2022 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. African Dept.

Côte d’Ivoire: 2022 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2022 Issue 205

Publication date: July 2022

ISBN: 9798400213892

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , Ivorian authorities , compilation method , harmonized consumer price index , BCEAO Headquarters , Policy discussion , Debt sustainability , Credit , Debt sustainability analysis , Global , West Africa

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Summary

The economy proved resilient to Covid-19 and continued recovering in 2021, with growth estimated at 7 percent. Growth is forecasted to slow to 6 percent this year due to the war in Ukraine. Inflation increased to 4.2 percent last year, on the back of surging food prices, and is expected at 5.5 percent this year, while the current account deficit is projected to reach 4.8 percent of GDP. Risks are tilted to the downside, as a result of the war in Ukraine, global financing conditions, and regional instability.