Economic growth: Togo revises its forecasts downwards for 2022

The Minister of Economy and Finance of Togo, Sani Yaya, declared on July 1, 2022 that the economic growth rate is revised to 5.9% for the year 2022, against an initial forecast of 6.1%, after a rate of 5.5% recorded in 2021. This downward revision of growth forecasts is attributed to “geopolitical tensions caused by the Russian-Ukrainian conflict” since the end of last February. This situation, the minister said, has disrupted post-Covid-19 recovery plans. “Indeed, this conflict directly affects economies through trade, and indirectly through its fallout.

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