Macroeconomic Forecast Guinea

July 2008 | Macroeconomic Forecasts

We forecast a widening in Guinea's current account deficit to 11.0% and 11.4% of GDP in 2008 and 2009 respectively, which represents a significant uptick from 9.7% in 2007 and 5.7% in 2006. As in many other West African countries, high commodity and food prices constitute the main drivers of the weakening in the external accounts.

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