Togo records higher than expected economic growth spurred by a rise in agricultural output (BCEAO)

Economic governance
Monday, 01 July 2019 12:22
Togo records higher than expected economic growth spurred by a rise in agricultural output (BCEAO)

(Togo First) - Togo’s economic growth in 2018 was 4.9%, thus exceeding forecast by 0.1%.

This was disclosed in the BCEAO’s latest report on monetary policy across the West African Monetary Union (WAMU).

According to the institution, the rise was spurred by a greater agricultural output in the 2018/19 campaign.

Moreover, an improved growth in Togo, and Niger, during the first quarter of 2019 has partially cushioned drops in Côte d’Ivoire, Mali and Senegal.

Economic growth across the WAMU was sustained in 2018. From 6.6% in 2017, real GDP growth stood at 6.5% last year. This is mainly attributed to the tertiary sector.

Ayi Renaud Dossavi

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