The Togo Economic Outlook report, published in September 2024, presents recent developments and prospects for growth and poverty reduction, as well as the main risks and priorities to accelerate structural transformation and the resilience of vulnerable populations. It provides an in-depth analysis of the impact of climate change on the agricultural sector and how expanding agroforestry systems could help smallholder farmers improve their livelihoods while increasing food security and reducing greenhouse gas emissions.
More specifically, the Togo Economic Outlook reveals that:
- Economic activity in Togo has been resilient in recent years, in part due to reforms and fiscal stimulus measures that are now giving way to a consolidation strategy.
- Growth prospects remain robust despite the uncertain international environment. Growth is expected to stabilize at around 5.4% in 2024-25, before strengthening to 5.8% in 2026, supported by private investment, more moderate inflation, and a recovery in global demand.
- Togo's growth potential will be largely determined by the pace of reforms. Growth should stabilize at around 5.5% to 6% by 2030, assuming the implementation of ambitious reforms aimed at increasing agricultural productivity, mobilizing the private sector for the development of key sectors, and strengthening human capital.
- Building a more resilient and productive agricultural sector will be crucial for structural transformation and food security in the face of climate pressures.
- Increased economic opportunities and access to basic services for vulnerable populations will reduce socioeconomic disparities and accelerate development.