logoBC
Yaoundé - 29 March 2024 -
Economy

The World Bank projects growth recovery for 3 CEMAC countries from 2017 to 2019

The World Bank projects growth recovery for 3 CEMAC countries from 2017 to 2019
  • Comments   -   Wednesday, 18 January 2017 07:29

(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.

S.A

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »