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Cemac economies remain vulnerable despite gradual upswing (World Bank)

Cemac economies remain vulnerable despite gradual upswing (World Bank)
  • Comments   -   Tuesday, 09 April 2019 17:15

(Business in Cameroon) - In its latest Africa’s Pulse report which reviews economic situation in Africa, the World Bank revealed that economies within the Cemac area remain fragile despite a gradual recovery.

Last year, economic growth in sub-Saharan Africa stood at 2.3%, while it was 2.5% the previous year. “In the Central African Economic and Monetary Community (CEMAC), the recovery continued, but remained fragile, as consolidation efforts to reduce fiscal and external imbalances slowed in some countries,” the report says.

Let’s note that four countries in the sub region namely Cameroon, Gabon, Chad and CAR have already succeeded in concluding economic adjustment programs with the International Monetary Fund IMF, but lagging Equatorial Guinea and Congo still struggle to do so.

BRM

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