The inflation rate in Côte d'Ivoire projected at 1.2% in 2017, almost doubled compared to the previous year when the percentage was 0.7%, reveals a document of the Monetary Union West Africa (Umoa-Titres), a subsidiary of Bceao, made public in early September.
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According to the document entitled '' Market securities government of Member States of Umoa '', the inflation rate in the UEMOA stood at 0.3% in 2016 should be less than 2% in 2017. This shows a rate improvement due to the economic situation in the countries of the union.
A report on the economic situation in Côte d'Ivoire from the World Bank (WB), published in July 2017, forecasts inflation of 1.3% for the current year, compared to 0.7% in 2016; 1.2% in 2015 and 0.4% in 2014. The trajectory should remain below 2% between 2017 and 2019.
This situation is due to "the softening of the rebound effects that had prevailed since the end of the political crisis and the occurrence of external and domestic shocks" which forced the Ivorian authorities to review the country's fiscal policy, explains the WB.
The economic outlook, however, remains "positive with growth forecasts of 8.9% in 2017 and 8.8% in 2018", says the Umoa Securities document, which notes "considerable progress made to improve the business climate ".
Adjustments to the budget, which include additional revenue and reduced spending, have helped contain the budget deficit "within the 3% standard thanks to a good performance in mobilizing public resources".
GDP growth in 2012-16 averaged 9%. For the year 2017, the forecast growth rate is 8.5%, while projections for the period 2018-2020 give an average of 8%, according to forecasts of the Ivorian government.
PIG / ap / ls / APA