United States : Statement at the Conclusion of the 2016 Regional Consultation with WAEMU

Despite the fragile security situation in some member countries and a less favorable external environment in 2015, economic growth exceeded 6 percent for the second consecutive year, driven in particular by strong growth in Cte dIvoire and Senegal and by higher public investment. Inflation remains u...

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Bibliographic Details
Published inMENA Report
Format Newsletter
LanguageEnglish
Published Camden Disco Digital Media, Inc 29.01.2016
Subjects
Budget deficits
Credit bureaus
Economic growth
GDP
Gross Domestic Product
Online AccessGet full text
ISSN2219-0112

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Summary:Despite the fragile security situation in some member countries and a less favorable external environment in 2015, economic growth exceeded 6 percent for the second consecutive year, driven in particular by strong growth in Cte dIvoire and Senegal and by higher public investment. Inflation remains under control at around 1 percent. The medium-term growth outlook remains subject to significant downside risks, including persistent security problems in the region, delays in implementing fiscal consolidation as well as structural reforms, a sharper slowdown of global economic growth, and tighter international financing conditions. The fiscal deficit is estimated at 4.8 percent of GDP in 2015, due to high public investment programs. In the medium term, the regional fiscal deficit is expected to decline while the current account deficit will likely remain high, driven mainly by imports related to investment.
ISSN:2219-0112