Burkina Faso: The following represents a general Table of Contents outline for the Country Economic Forecast.
The actual report may cover any or all of the topics listed below.he topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview - Forecast Table showing % changes for the country - with 2 years of historical data and 4 years of forecast data for the following: - Domestic demand - Private consumption - Fixed investment - Stockbuilding (% of GDP) - Government consumption - Exports of goods and services - Imports of goods and services - Unemployment - Consumer prices - Current account balance (US$ and % of GDP) - Government budget (% of GDP) - Short-term interest rates (%) - Long-term interest rates (%) - Exchange rate (vs. US dollar) - Exchange rate (vs. euro) - Economic Overview - two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts - Charts and Tables - covering a full range of economic developments relevant to the time period covered. These could include such topics as: - Contributions to GDP growth - Monthly industrial output - Business and consumer confidence - Unemployment rate - Retail sales - Prices and earnings - Consumption and investment - Government balance and debt - GDP and industrial production - Monetary policy and bond yields - Background Information on the country - One or two pages of text covering the main historical political and economic factors that determine the country's current position - Key Facts on the country - Map of the country - Key political facts - Long-term economic and social development - changes since 1980 - Structure of GDP by output - latest year - Long-term sovereign credit ratings and outlook - Corruption perceptions index- latest year - Structural economic indicators - changes since 1990 - Destination of goods' exports -prior years - latest year - Composition of goods & services exports - latest year
Country Economic Forecasts - Burkina Faso Description
In 2013 Burkina Faso is estimated to have grown by 6.8% supported by increasing productivity in agriculture and a rapid expansion in gold mining.
However, with the price of gold now over 20% lower than in 2012 we forecast the gold sector's expansion will be less dynamic this year.
This should slightly reduce GDP growth to around 6.4%.
In addition to higher output of gold, the government's development strategy – including building up the country's infrastructure – should provide further impetus to growth. However, lower gold prices and increased demand for capital goods and petroleum products will widen the current account deficit, and keep it in excess of 5% of GDP into the medium term.
Since the government is expected to record significant budget deficits as well, Burkina Faso remains dependent on financial support from the IMF.
A new three-year ECF for a total amount of US$41.6bn was approved in December 2013, with the programme aiming to generate more inclusive growth.