Macro - Country Economic Forecasts - Côte d'Ivoire
Persistent inflation in Côte d’Ivoire has cast a slight shadow over the CPI outlook. We now forecast inflation to average 3.5% in 2024 (up from our previous forecast in May of 2.8%) while we have lowered our projection for 2025 to 2.1%. Nonetheless, economic activity is expected to remain resilient, with real GDP growth projected to average 6.2% p.a. between 2024 and 2025. High cocoa prices and recovering production will result in an improved external position over the same period, while the IMF-backed revenue-based consolidation effort is foreseen to enhance the country's fiscal position.
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