BCEAO 2022 Annual Report
In 2022, the global economic environment experienced a significant slowdown in its recovery that began in 2021. Estimates published by the International Monetary Fund (IMF) put global economic growth at 3.4% in 2022, down from 6.2% a year earlier. This slowdown reflects a combination of several shocks, including strong inflationary pressures induced by the negative repercussions of the war in Ukraine and rapid interest rate hikes triggered by monetary policy
tightening in many countries in a bid to counter soaring inflation.