The Central Bank of West African States (BCEAO) anticipates a resumption of economic activity between July and September 2020, resulting in a growth rate of around 2.1% year-on-year, indicates a Bank economic note.

According to the document, this rate is expected following a second quarter that saw a drop in activity (-6.2% instead of -2.6% previously anticipated). The BCEAO serves as an issue bank for the eight countries of the West African Economic and Monetary Union (UEMOA) that are bearing the brunt of the negative impacts of the Covid-19 pandemic.

As a quarterly change, according to the BCEAO, the growth rate would remain negative for a second consecutive quarter (-7.9% in the second quarter of 2020, after a rise of -1.0% in the first quarter of 2020).