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UEMOA: exports of emerging commodities fall

27/10/2022
Categories: Raw materials

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The note on economic and regional economic conditions in UEMOA provided information that, analysis of the main economic signals shows that the economic situation is ; Gionale in the second quarter of 2022 is rather badly oriented in the UEMOA area. Moreover, the direction of economic activity remains generally negative with the persistence of inflationary surges.

As of April 2022, UEMOA noted an increase in demand for raw materials, especially those on which countries depend despite the war in Ukraine. According to the note, “in terms of forecasts, international commodity prices could be assured this year, as demand for these commodities is expected to increase, but the effects of inflationary pressures should dampen expectations.” .

Thus, growth in sub-Saharan Africa could improve under these conditions, provided that the Ukrainian crisis ends soon and that inflationary pressures and measures are put to an end fiscal and budgetary issues that they involve on the part of Governments do not weigh too heavily on efforts.

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