Friday , August 19 2022

BASIC expects the CEMAC sector to be lower than expected


In terms of growth rate of 1.7% in 2017, the average rate of 1.7% is 1.7%, 0.5% for the GDP per capita in 2017, the surplus of the fiscal consumer base and the GDP-3.1 per cent in 2017.

At the same time, central bank forecasts include cutting the deficit-based economic deficit in Central Africa to 3.7 per cent of GDP, GDP to -4.2 per cent and 2016 to increase the rate of 6.3 per cent and 59.7 per cent for external external protection.

This information is relatively different from the revised predictions of 2018 of the economic and economic status of the states of CAMAC members. On July 25, the monetary policy commitee (MPC) introduced the new monetary policy to combat inflation. 1.9 percent of the initial protocol is 2.5 percent growth.

At the time, the institute which issued the issue rose 1.6 percent yearly. The balance amount, including 0.50 per cent of the budget, is 0.9 per cent in 2017, 0.5 per cent of GDP and GDP accounting for 4.3 per cent of GDP in 2017, 3.4 per cent of GDP in 2017 and 7.1 per cent of GDP in 2017, 60.7% of the currency is the same.

According to Beck, the underlying assumptions made by the 2018 Macroeconomic framework are related to a great deal of recovery in global crude oil prices, from 5.9% to $ 546.9 FCA / Dollar, previously estimated (from 8.9% to 529.1 CFA Franc / Dollar).

In the same projections, in terms of trade, domestic production, decline in gas production, macro economic in CEMAC states, and steps to continue structural reforms.

However, compilation of external sources from such an event of the International Society (IMF) is a risk risk that does not sign a single Congo Fiscal Program.

The growth of global economic growth will increase by 4.2% in 2018 and 4.0% by 2019. In 2017, it will also benefit 5.2% of the CEMAC economy. In the medium term, it is primarily related to the adverse ratio of oil between 2019 and 2020, even before predicting trading. "

The economic and financial perspective founded by the BEAC is projected to grow 3.4% in 2019, 3.0%, 3.1% in 2020 and 2021 respectively, compared to 1.7% growth in 2017, the growth of the non-oil sector, agricultural sector, service making, Manufacturing of public works (BP) and manufacturing industries.

Central to the Central Bank Republic, Nigeria, Chad, Cameroon boundaries, Cameron's north and southwest areas are committed to restoring security on the non-oil sector. Apart from implementing the financial and economic reform program (PREF-CEMAC) and positive spints, the implementation of financial consolidation measures contained in the programs signed by the States in the IMF.

In the medium term, the inflation rate is rising through bank services. At the same time, the level of social inequality continues to be below 3 per cent in the strength of domestic demand. Considerable increase in budget revenues, fuel prices on gasoline, and subsequent growth in subbrons due to their indexing in global crude oil prices.

The public expenditure of CEMAC will be higher during 2019-2021, with external accounts being improved over the years and the external surveillance rate of the currency will drop from 63.5 percent in 2019. By 2019, annual industrial output will grow by 13.4 per cent to 65.2 per cent in 2020, 67.7 per cent in 2021 and 59.7 per cent in 2018. 0% in 2020, 14.3% in 2021 and 19.9% ​​in 2018.

However, some risks have a tendency to a decrease in implementation of IMF activities. This is a sudden and unexpected fall in prices of a barrel crude oil. The fiscal policy of the Federal Reserve is faster than expected. USA.

In the economic and financial environment, it improves slightly, with the strategic orientation of the 2018 monetary policy, the BEAC plans to strengthen its fiscal policy. At the appropriate level, the limits of external public debt on reserves, import and import of goods, services and limit of 3 months are fixed.

The decision to hike tenders at TINO on October 31 last year, with support from its external sustainability, has been reduced from 2 to 95% to 3.50%, way to lend up to 4.70% to 5.25%, the density rate will be 7.00 From 7% to 7.55%, keep unchanged deposit rate

Fluke / you / apa

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