Country Economic Forecasts - Cameroon
The Cameroonian economy delivered a fairly robust performance in H1 2021, as real GDP growth reached 3.4% on a cumulative basis. Concurrently, the rebasing of the real economy from 2005 to 2016 showed that a contraction of 1.0% occurred in 2020 due to the Covid-19 pandemic. Overall, real GDP growth for last year is estimated at 3.5%. The economy is forecast to expand at an accelerated pace in the near term as production levels rise, concessional funding promotes development, and demand for Cameroonian commodities rebounds. As a result, we forecast real GDP to grow by 4.2% this year.
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