{"id":727,"date":"2013-01-04T23:12:35","date_gmt":"2013-01-04T23:12:35","guid":{"rendered":"http:\/\/www.foretiafoundation.org\/?p=727"},"modified":"2013-01-04T23:15:40","modified_gmt":"2013-01-04T23:15:40","slug":"2012-cameroon-economic-outlook","status":"publish","type":"post","link":"https:\/\/www.foretiafoundation.org\/staging\/2012-cameroon-economic-outlook\/","title":{"rendered":"2012 Cameroon Economic Outlook"},"content":{"rendered":"

\"\"<\/a>The economy of Cameroon should continue to progress in 2012, when it is expected to show growth of 4.4%\u00a0compared to 4.1% in 2011. At sector level, the outlook for 2012?13 indicates that the primary sector will show 5% growth, thanks to\u00a0average growth of 5% in the food-crop sub-sector and 5.7% in the cash-crop sub-sector. The secondary sector is\u00a0expected to grow 1.4% over the same period, driven by the construction industry, better energy supply and\u00a0higher production in the food-processing and manufacturing industries. The tertiary sector should progress\u00a03.7%, thanks notably to buoyant conditions in transport and telecommunications.\u00a0Higher growth in 2012 risks generating a 2.7% increase in in?ation, but it will still be below the 3% limit set by\u00a0the Central African Economic and Monetary Community (CEMAC).<\/p>\n

The public ?nance budgetary balance should\u00a0improve from ?1.3% in 2011 to 0.2% in 2012 on the back of increased oil revenue. The current-account balance\u00a0should also improve slightly to show a de?cit of 5.4% in 2012 after 6.3% in 2011 as a result of a reduction in the\u00a0trade deficit from 3.7% in 2011 to 1.4% in 2012.\u00a0A sustained slowdown in economic activity in the euro area could lead to lower external demand in the medium\u00a0term, since the European Union is Cameroon\u2019s main trading partner. In this context, the country\u2019s main task will\u00a0be to continue increasing agricultural production, developing infrastructure and consolidating the energy supply\u00a0needed to sustain growth. The government will also need to continue to implement structural reforms aimed at\u00a0improving economic competitiveness and the business climate.<\/p>\n

A certain number of programmes have been set up to promote the socio-economic integration of young people\u00a0but the government needs to ensure that these programmes are carried out coherently in relation to the\u00a0national employment policy. Moreover, employment strategy needs to be based on partnerships between\u00a0universities and companies to facilitate the arrival of young people on the jobs market. Click here for the Full Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The economy of Cameroon should continue to progress in 2012, […]<\/p>\n","protected":false},"author":1,"featured_media":729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"_eb_attr":"","content-type":"","footnotes":""},"categories":[14,61],"tags":[],"class_list":["post-727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-httpwww-foretiafoundation-orgpolicy-advocacy"],"acf":[],"yoast_head":"\n2012 Cameroon Economic Outlook - Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.foretiafoundation.org\/staging\/2012-cameroon-economic-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2012 Cameroon Economic Outlook - 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