The World Bank expects growth to pick up, from 2017 to 2019, for 3 out of 6 CEMAC countries

 

 

 

 

 

 

 

(Investing in Cameroon) – The economic growth of the majority of countries in the Central African Economic and Monetary Community (CEMAC) is expected to modestly accelerate from 2017 to 2019, according to the Bank’s January economic outlook (WB).

The leader of the zone, Cameroon, shares from 5.6% in 2016 to 5.7% in this year 2017.

This scenario, the WB explains, is due to the fact that both developing countries and CEMAC countries are gradually adapting to lower commodity prices.

Chad will drop from -3.5 in 2016 to -0.3% in 2017. But in 2018, this rate will be 4.7% and 6.3% in 2019.

The WB forecasts for Gabon growth rates crescendo over the same periods: 3.2%, 3.8%, and 4% in 2018 and 2019.

On the other hand, the Congo will rather experience a deceleration of its growth during these four years with respectively 4.6%, 4.3%, 3.7%, and 3.7%.

Equatorial Guinea will continue to face its economic crisis (-5.7% in 2016, -5.7% this year, -6.6% the following year and -6.6% in 2019).

The Central African Republic has not been taken into account in the WB’s estimation as it has been for several years now, since the country has been suffering from quasi-permanent socio-political turmoil.

SA