Africa Country Insight: Côte d’Ivoire
Côte d’Ivoire managed to stave off the worst effects of the Covid-19 pandemic as the country successfully avoided a recession in 2020. While a strong economic rebound is on the cards this year, stagnating cocoa prices and the lack of a clear vaccination strategy will weigh on potential growth.
What you will learn about:
- Abidjan, Côte d’Ivoire’s economic capital, is the largest consumer market when compared with cities in neighbouring West African countries.
- The Covid-19 pandemic slashed Côte d’Ivoire’s travel and tourism industry last year, with our estimations suggesting that activity in the sector will only return to pre-pandemic levels around 2024.
- There is a strong need for Côte d’Ivoire to diversify its economy in order to make economic growth, exports and fiscal revenue less dependent on cocoa production and prices.
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