BCEAO - Annual Report 2004

According to the Central Bank of West African States (BCEAO) Annual Report 2004, the WAMU economic dynamics was hindered in 2004 by the fresh outbreak of socio-political strife in Cote d'Ivoire and falling prices of agricultural export commodities.

The Union gross domestic product increased in real terms by 2.8% in 2004 compared to 2.9% a year earlier. This slight decline in economic growth was partly due to lower production of some agricultural and mining commodities. Investment rate was

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