Members:
SWAC:
Body:
The 2020 economic outlook for the eight UEMOA member countries is positive. Despite the many security challenges, the UEMOA area will continue to grow by 6.6% in 2020, at the same rate as in 2019, more than twice the sub-Saharan African average of 3.2%. The security crisis in the Sahel, Nigeria’s border closure and election-related instability are the main risks which might undermine the Union’s economic prospects. Côte d’Ivoire remains a driving force, with a projected growth rate of 7.3%, mostly because of high cocoa prices. Read on