---- ----e ----f ----f ----f ----f Government final consumption, XOFbn -,---.- -,---.- -,---.- -,---.- -,---.- -,---.- Government final consumption, of GDP --.- --.- --.- --.- --.- --.- Government final consumption, real growth y-o-y --.- -.- -.- -.- -.- -.- ----f ----f ----f ----f ----f ----f Government final consumption, XOFbn -,---.- -,---.- -,---.- -,---.- -,---.- -,---.- ...Further to this, a benign outlook for food prices, and low oil prices, will free up spending for other goods and services. Government Consumption: As the government widens the scope of the state and strives to forge a cohesive national iden- tity in the wake of the ---- civil war, government spending will see robust growth, albeit within the confines of a prudent fiscal expenditure strategy and at a slower pace than was experienced in the run-up to the October ---- elections. We see potential for increased spending in the military sphere, as -- Business Monitor International Ltd www.bmiresearch.com ...Government Consumption: As the government widens the scope of the state and strives to forge a cohesive national iden- tity in the wake of the ---- civil war, government spending will see robust growth, albeit within the confines of a prudent fiscal expenditure strategy and at a slower pace than was experienced in the run-up to the October ---- elections. We see potential for increased spending in the military sphere, as -- Business Monitor International Ltd www.bmiresearch.com
...Looking at exports, as part of the UEMOA currency bloc, with the West African franc s peg to the dollar, Cote d Ivoire is not at liberty to devalue its currency in order to boost export com- petitiveness. Nevertheless, while it won t boost exports per se, we believe that the stability inherent in the country thanks to the currency peg will more than offset this through reassuring investors. The massive and volatile currency sell-offs seen in SSA countries such as Ghana and Zambia have had greater negative effects than positive on those economies. Even without a currency devaluation, we are fairly positive with regards Cote d Ivoire s export prospects, with the excep- tion of oil, of which production has passed its peak � BMI s Oil & Gas team forecasts that net exports will decline over the coming years, with the country becoming a net importer once more in ---- (the country has been in surplus since ----). Efforts to diversify the agricultural sector will help offset this. ...Efforts to increase local processing will see a massive increase in the economic benefit of the crop, providing further jobs and increasing revenues. Plans to reinvigorate the coffee sector will have a similar, albeit smaller, effect.
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