Togo: IMF expects 4.7% growth in 2018

0

After experiencing a deceleration in 2017 due to socio-political tensions, economic growth should accelerate to reach a rate of 4.7% in 2018, according to the International Monetary Fund (IMF).

“Overall, economic activity is showing signs of stabilization, despite persistent weaknesses in some sectors,” said a team from the institution who was program supported by the Extended Credit Facility (ECF).

According to the same source, inflation stood at 0.9% (yoy) in September 2018. “The major fiscal consolidation effort continued in the first half of 2018; the overall fiscal balance showed a surplus of 0.7 percent of GDP during this period, “said Ivohasina Razafimahefa, the team leader.

As a reminder, the country knows, since August 2017, a political crisis marked, at times, violent clashes between police and opposition demonstrators who calls for a reform of the constitution.

“Tensions, if they persist, could undermine the confidence of consumers and investors and therefore affect macroeconomic performance,” warned the IMF mission in October 2017.

LAISSER UN COMMENTAIRE

Please enter your comment!
Please enter your name here