Cameroon’s 2014 growth rate increases

Cameroon’s growth rate is expected to be 5.8 percent in 2014 against the 5.6 percent initially expected, according to an economics memo released on Friday by the country’s Ministry of Finance. This performance particularly reflects the rebound in wood exports, the impulse of public commercial services but also a better energy supply.

However, there are fears of some risks in relation to inflation resulting from lower fuel subsidies, the contagion of insecurity along the border with Nigeria and the Central African Republic as well as the anxiety created by EHF.

Regarding the budget, total revenue recorded in the first half of the current year is 20 percent, compared to the same period in 2013, while recorded expenditures grew to 14.7 percent.