Analysis by Region - Emerging Markets - Burkina Faso

Analysis by Region - Emerging Markets - Burkina Faso



We forecast real GDP growth to climb from an estimated 3.1% in 2023 to 3.5% in 2024, as we anticipate a further recovery in the industrial sector and expansions in the agricultural and services sectors. The industrial sector has been under notable pressure in recent years due to insecurity, but an expected surge in gold prices this year (+10.2% to average $2,140/oz in 2024) could spur a rise in mineral production. Having said that, our outlook is subject to considerable downside risks due to the country’s fragile security situation. The West African nation is also grappling with a severe heatwave, which could delay the country's main sowing season (May to July).


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