Analysis by Region - Emerging Markets - Côte d'Ivoire
Real GDP growth of 6.8% was recorded in Côte d’Ivoire last year – a commendable performance considering the tremendous headwinds that the economy faced. Price pressures stemming from the war in Eastern Europe weighed severely on real consumer spending, which has historically been the key driver of economic activity. In this regard, robust fixed investment growth negated the slowdown in consumption to some extent. Consumer spending is envisaged to recover steadily over the coming years as inflationary pressures abate. That said, increased consumption will not be sufficient to halt the downward trend in growth, which we forecast at 5.8% for 2023.
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