Ivory Coast president sees growth slowing to 1.8% in 2020

IVORY Coast’s economic growth is expected to slow to 1.8% in 2020 from a projected 7.2% due to the impact of the coronavirus pandemic, according to President Alassane Ouattara.

Several sectors of the Ivorian economy including agriculture, construction, transport and tourism have been hit by the outbreak that has slowed gross domestic product (GDP) in the world’s top cocoa producer, Ouattara said.

Ivory Coast’s GDP growth had averaged around 8% between 2012 and 2019, Ouattara said during a speech at the annual general meeting of the African Development Bank. – Thomson Reuters Foundation.