Cemac market: 2019 growth rate exceeds 2.5%

As at 31 December 2019, the gross domestic product (GDP) growth rate for the area Cemac finally surpassed 2.5%. This information is contained in a press release made official at the end of the last session of the Monetary Policy Committee in Shortened CPM of the central bank of the six states of this community.

We learn from the press release that sanctioned the work of the recent CPM session that Cemac's economic growth on 31 December 2019 peaked at 2.5%. Although this rate is lower than the 3.2% projected at the beginning of the 2019 fiscal year, the projected growth at the end of 2019 is higher than the 1.8% recorded by the Economic and Monetary Community of the Central African states during the previous year, i.e. in 2018. A growth situation that confirms the economic recovery in this community area, albeit a moderate one.

At the end of the 2019 financial year, inflationary pressures will continue to ease. These inflationary pressures could even peak at 1.9% for the whole of 2019, compared to the 2.2% noted in 2018, we learnt from the CPM of Beac.

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