TAG: Economy
Côte d’Ivoire has made some remarkable economic achievements over the past decade. Since the end of the political crisis in 2011 the country has seen its GDP grow by an average of around 8% annually.
With enviable GDP growth of around 8% per year since the end of the political crisis in 2011, Côte d’Ivoire has been a top performer on global economic indices for several years. This is due in no small part to concerted efforts to foster a more diversified economy and pro-business operating environment. While the vast majority of CEOs interviewed in the third edition of this survey remain bullish on near-term growth prospects – both for corporates and the broader economy – expansion has also laid bear critical skills gaps in the labour market, namely in the areas of leadership, engineering, and research and development.
President Joko Widodo placed human capital development at the forefront of his re-election campaign in 2019, mindful that Indonesia will not reach his target of being among the world’s top-five economies by 2045 if it cannot fully harness the power of its large population. Executives agreed that human capital should be the most important policy focus, with 49% of respondents to this survey choosing this option. While there are encouraging signs that the government is taking this into account, improvements to the business environment will be required if Indonesia is to thrive in an increasingly competitive global marketplace.