Cameroon Economic Forecast

Cameroon Economic Outlook

March 19, 2019

Resilient consumption gains appeared to underpin economic growth through last year’s second half. Third-quarter national accounts (Q3 2018: +4.6% year-on-year) revealed that household spending remained firmly in the driver’s seat despite the Boko Haram insurgency and the ongoing conflict in the country’s English-speaking regions, while government spending climbed on security-related costs in the run-up to last October’s presidential election. Fixed investment remained upbeat ahead of this year’s now-relocated Africa Cup of Nations (Afcon). Exports, on the other hand, further dragged on the economy amid slumping oil and gas output.

Cameroon Economic Growth

Domestically, improved electricity supply and low inflation should propel household spending this year; fixed investment could take a backseat. On the external front, exports should benefit from greater oil and gas output as new projects come online. International lenders will help to shore up fiscal and external buffers, although substantial political risk still clouds the medium-term outlook. FocusEconomics analysts see growth at 4.2% in 2019 and 4.4% in 2020.

Cameroon Economy Overview

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Cameroon Facts

Exchange Rate577.8-1.11 %Mar 20
Stock Market0.70.0 %Mar 20

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