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Hi please help me with the following: 1. link the history of Cte d'Ivoire and its current economic environmment 2. Explain or add more detail
Hi please help me with the following:
1. link the history of Cte d'Ivoire and its current economic environmment
2. Explain or add more detail about the inflation rate and it should relate to my essay
3. Explain the debt and it should relate to my essay
Finally, include reference so I can put it in my essay
Evidence from the World Bank (2022) has shown that in 2001, Cote d'Ivoire had the highest exchange rate of $732.4, which means that the country experienced high inflation at that time. In 2021, the exchange rate decreased to $554.53 (World Bank, 2022). However, Cote d'Ivoire maintain a fixed exchange rate.2022). However, Cote d'Ivoire maintain a fixed exchange rate. Official exchange rate (LCU per US$, period average) - Cote d'Ivoire atary Fund. Intern Line Bar MUP : Share 1940 - 2021 The National Institute of Statistics cited in World be Focus Mo ports that 60% of Cote d'Ivoire citizens between 15 and 35 are unemployed. Most people looking for jobs are graduates who have never worked and have been waiting to get jobs. Unemployment among young people raises the danger of social unrest and violent conflict (World bank, 2012). This means that the government must provide job opportunities to prevent this from happening. The highest tax rate for individuals is 36%, while the maximum tax rate for companies is 25%. 13.1% of household income is the amount of tax paid altogether. Government spending has reached 18.6% of GDP in the last three years, with budget deficits averaging 3.7% of gross domestic product and the national debt being 45.7 % of GDP. |Step by Step Solution
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