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More cautious, the World Bank projects Togo's economic growth to 3% in 2021

12/01/2021
Source : togofirst.com
Categories: Economy/Forex

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Togo is expected to grow by 3% this year 2021, according to World Bank forecasts, set out in its latest report on the global economic outlook. A document published in January 2021.

While these projections by the Bretton Woods Institution consolidate the idea of a rebound for this year, they are nevertheless much less optimistic than those of the Togolese Government. Indeed, Lomé is counting on growth of 4.7%, “provided that the pandemic is rapidly brought under control

”.

This economic dynamic should be supported by an increase in national public and private investments, as well as foreign investments, in accordance with the NDP, in the key sectors of agriculture, energy, ports, airports and infrastructure. With the takeover of the cotton industry by the Singaporean company Olam and the commitment of its subsidiary Arise to the construction of the Adétikopé Industrial Park, the PND

's flagship project.

More generally, regionally, sub-Saharan Africa is expected to experience “a moderate recovery in 2021, with a growth rate of 2.7%”, according to the Washington-based institution, in the same report.

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