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UEMOA: an improvement in macroeconomic prospects

19/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Le dernier rapport de la Banque Centrale des West African States (BCEAO), there is an improvement in the macroeconomic outlook within the Economic and Monetary Union West African (UEMOA)

.

The BCEAO report mentions that the growth of the Union's Gross Domestic Product (GDP) should stabilize at 6.5% in 2024, then at 6.6% in 2025, then at 6.6% in 2025, while budget deficits are expected to decrease from 3.8% of GDP in 2024 to 3.0% in 2025. This economic improvement would be supported by the good performance of extractive and manufacturing productions, as well as by the continuation of reforms related to the modernization of fiscal administrations and the rationalization of public spending. He also noted that the relaxation of global prices for food and oil products would contribute to a gradual decrease in the inflation rate, from 3.7% in 2023 to 2.5% in

2025.
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