(Business in Cameroon) - The economic growth in most countries in the Central African Economic and Monetary Community (CEMAC) should slightly accelerate from 2017 to 2019, based on the economic perspectives published this month by the World Bank (WB).
The leader in the zone, Cameroon, moves from 5.6% in 2016 to 5.7% in 2017. This recovery in the country’s growth will continue in 2018 and 2019 with a growth rate of 6% for both years. This scenario, the WB explains, is due to the fact that developing countries such as those in the CEMAC are progressively adapting to the drop in commodity prices. Chad moves from -3.5% in 2016 to -0.3% in 2017. But in 2018, this rate will be at 4.7% and 6.3% in 2019. The WB forecasts for Gabon increasing growth rates over the same periods: 3.2%, 3.8%, and 4% in 2018 and 2019.
However, Congo will rather see its growth falling during these four years with respectively 4.6%, 4.3%, 3.7%, 3.7%. Equatorial Guinea will continue to face its economic crisis (-5.7% in 2016, -5.7% this year, -6.6% in the next year and -6.6% in 2019). The Central African Republic was not included in the WB’s calculations as has been the case for several years since this country has been facing near-permanent social and political troubles.
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