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Within the WAEMU area, despite the negative shocks that have recently slowed down economic activity and difficult global economic conditions, the pace of growth of the Gross Domestic Product remains on course. A possible result thanks to the good performance of commercial activities and transport and telecommunication services.
For the year 2018, the economic growth rate is expected at 6.8%.
However, challenges within the regional space are numerous. One example is the need to achieve the fiscal adjustment essential to the reduction of the national deficits, which are expected to reach 3% in 2019, in accordance with the convergence criterion.
The other challenge to be met is related to the debt . Indeed, the significant financing needs in the WAEMU zone has increased the debt ratio to 44.1% in 2017, up more than twelve 12 points in five years. This pressure has aggravated the Union's budget deficits. However, the analysis of the implementation of the budgets of the Member States of the Union, allowed the Council of Finance Ministers, meeting at its second ordinary session of the year, June 29, 2018 in Dakar, to project a improvement of the budget deficit. From 4.2% of GDP in 2017, it is expected to 3.8% this year.
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