Yaoundé - 18 October 2019 -

Beac lowers CEMAC countries’ 2019 growth forecasts

Beac lowers CEMAC countries’ 2019 growth forecasts
  • Comments   -   Thursday, 25 July 2019 15:36

(Business in Cameroon) - On July 24, 2019, in Ndjamena, the monetary committee of the Bank of Central African States (BEAC) met to discuss the sub-region’s 2019 economic outlook.

At the end of the meeting, a release signed by BEAC’s governor Abbas Mahamat Tolli indicated that in 2019, member countries’ economy would grow slower than forecasted earlier. Economic growth is expected to be 3% instead of the initial 3.2%.

In addition, inflation is forecasted to reach 2.5% against 2.1% in 2018 while affected by high oil products’ importations. Current account deficit should reach 6.1% of GDP, up from 3.4% of GDP in 2018.

Still, there is good news. For instance, the budget surplus is forecasted to reach 0.4% of GDP this year, up from 0.1% recorded in 2018. The money mass should also rise by 8.2% for an external coverage rate of 68.6% against 61.4% in 2018.


Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage

Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres

Reviewing the state of things in the North and Far North

Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »

Décollage réussi pour la Transahélienne de Camair-Co