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Cameroon economy predicted to grow 4.1 pct in 2019

YAOUNDE, Aug. 2 Xinhua | Cameroon’s economy will grow at 4.1 percent this year and 4.2 percent in 2020 despite rising security challenges in the country, a mission of experts from Economic and Monetary Community of Central Africa (CEMAC) predicted Friday.

“Important developments have been noticed in several economic indicators, which showed the economic reforms in the country are moving on the right track,” Jean Claude Ngeumeni, head of the CEMAC mission told reporters in the capital Yaounde on Friday after a 10-day evaluation mission in the country.

It is important for Cameroon to reduce public spending and create more investment-friendly environment in a bid to create more jobs and enhance the economy, according to the CEMAC mission.

In June, Cameroon Association of Employers warned that crisis in the country’s two English-speaking regions where armed separatists want to create an independent nation will “seriously” affect the economy in the long run if a solution is not found “fast enough”.

Cameroon’s economic growth rate was 4.1 percent in 2018 against 3.5 in 2017, according to CEMAC statistics.

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6 comments

  1. ELECAM FORECAST. NOTHING MORE NOTHING LESS

    Intercontinental Hotel down
    Swiss Persona Grata down
    SONARA down
    CDC down
    PAMOL down
    DEL MONTE down
    CAMAIR-CO down
    Timber down
    Brasseries down
    Cocoa down
    Coffee down
    commission on bilingualism down
    commission on disarmament down
    Dictator Biya’s sh*thole war down
    taxes down
    etc, etc, etc, etc

    CONCLUSION

    The experts from the Economic and Monetary Community of Central Africa (CEMAC) surely based their prediction on the FAKE data provided by the GOC.

  2. Nobody is fooled, not GICAM, not IMF, not AfDB.
    There is a price to pay for burning down the goose which lays the golden egg

    • I like that !
      I really do!
      Life in theory is good for a change. Surely the World Bank and IMF must be enjoying this, that mass killing of youthful tax payers and mass exodus of the survivors to refugeeland still leaves enough hands on the workforce,…

    • The CEMAC evaluation mission can only be fake as LRC evaluation which is very superficial. Key sectors that generate wealth are not well captured as well as the entire Country. While they make reference to the political instability in their milking cow, no reference has been made to the devastating effect of Boko Haram activities in the Far North. Increasing repression and suppression of opposition through mass arrest only fuels anger that might lead to more instability.

  3. It is strange that for all the largesse President Paul Biya distributes around the world, not one true friend can come to his rescue with a credible appraisal of his predicament! What does it profit a man if he gains the entire world but loses his soul? Where is the joy of living the twilight years of life as a persona non grata everywhere?

    • Dear John,
      I surmise you think too highly of our despot for what does a water buffalo want with lofty ideals such as freedom and justice? Development? It…yes for he has certainly lost all humanity with all the blood on his hands…so it must certainly be satisfied with mud and grass.
      Freedom, forward is the only way upward for our people.

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