Fast Market Research recommends "Cote d'Ivoire Business Forecast Report Q3 2013" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 05/27/2013 -- After reaching 9.0% in 2012, economic growth in Cote d'Ivoire will average 7.8% between 2013 and 2017, according to our forecasts.
Real GDP growth in 2013 will moderate slightly (to 7.9%) owing to base effects, but we believe that current levels of high growth will be sustained over the medium term.
Rising government revenues and debt forgiveness will fuel a surge in investment spending, which will help to improve Cote d'Ivoire's large infrastructure deficit.
While we do not believe that the government of President Alassane Ouattara faces a serious threat to its ability to govern, political tension will remain high over the duration of our forecast period.
Real GDP per capita is growing strongly, and BMI predicts that living standards should improve over the course of our five-year forecast period.
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Major Forecast Changes
New figures from the IMF and the Ivorian government have led us to upgrade our growth estimate for 2012 (from 8.4% to 9.0%) and our forecasts for 2013 and 2014 (from 7.5% to 7.9% and 7.2% to 7.9%).
Faster economic growth has led us to revise downwards our forecast for Cote d'Ivoire's fiscal deficit in 2013. We now believe that the shortfall will be worth 2.2% of GDP this year, compared to a previous forecast of 3.7% of GDP.
Key Risks To Outlook
Upside Risks: Offshore oil reserves could significantly boost Cote d'Ivoire's oil production.
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