Macroeconomic Forecast Benin

April 2004 | Macroeconomic Forecasts

BMI View: Ongoing dependence on exports of the key commodity cotton, means the economy is vulnerable to price shocks. At present, the cotton outlook is improving, with rising prices fuelling an expected 6.1% growth in GDP and 9% growth in exports this year. However, the longer-term downwards trend (since 1980) has undermined national income, leading to high levels of external debt. As a member of the West African Economic and Monetary Union, the

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