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More cautiously, the World Bank projects Togo's economic growth at 3% in 2021

12/01/2021
Source : togofirst.com
Categories: Economy/Forex

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 Togo is expected to grow by 3% this year 2021, according to World Bank forecasts, set out in its latest report on the global economic outlook. A document published this month of January 2021.

While these projections by the Bretton Woods Institution consolidate the idea of a rebound for this year, they remain much less optimistic than those of the Togolese Government. Indeed, Lomé expects growth of 4.7%, "provided that the pandemic is quickly brought under control".

This economic dynamic should be driven by an increase in national public and private investment, as well as foreign, in the light of the NDP, in the key sectors of agriculture, energy, port, airport and infrastructure. With the takeover of the cotton sector by the Singaporean Olam and the commitment of its subsidiary Arise in the construction of the Adétikopé Industrial Park, flagship project of the PND.

More broadly, at the regional level, sub-Saharan Africa is expected to experience "a moderate recovery in 2021, with a growth rate of 2.7%," according to the Washington-based institution, in the same report.

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