IMF more optimistic than World Bank regarding economic growth this year

Economic governance
Monday, 26 April 2021 05:28
IMF more optimistic than World Bank regarding economic growth this year

(Togo First) - Togo should record a 3.5% economic growth this year. The figure was recently published in an IMF report on the latest economic outlook in sub-Saharan Africa. 

While the forecast is more optimistic than the World Bank’s, knowingly 3%, they are more modest than the African Development Bank’s (AfDB) who forecast economic growth in Togo at 4.3% in 2021. 

The Pan-African's expectation is the closest to the Togolese government. The latter indeed, in its latest forecasts, expects the growth rate to stand at 4.8%. 

The government attributes its optimism to the anti-Covid-19 measures it has been introducing to mitigate the pandemic’s effects and other efforts to Fastrack economic recovery. 

It should be highlighted that last year, the Togolese economy was more resilient than expected, with a growth rate of 1.8%, up 1.1 percentage point compared to what the authorities had projected. 

Ayi Renaud Dossavi

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