Economic growth serrate in first quarter of 2014

The performance of Cameroon's economy experienced various sectoral fortunes in the first quarter of the current year, according to a report published Friday by the national Institute of statistics (INS).

Overall, the economy of the country recorded a decline from the fourth quarter of 2013 (0.7% against 2.2%), a phenomenon attributed to the slowdown in activities in the secondary and tertiary sectors.

"Thus, marked by a growth of 1.8% in the fourth quarter, the secondary sector recorded a" free fall "by 1.1% in the first quarter of 2014.

Meanwhile, after more than two years, the engine of economic growth in Cameroon (+ 2.0%), went through a difficult economic situation in the first quarter of 2014 (-0.4%).

According to the INS, trade activities, restaurant, hotel and other services experienced a sharp decline, compared to the fourth quarter of 2013. Banks and other financial institutions, after high rates of growth recorded in particular in early 2013, continued their decline.

The only inflated sector during the analyzed period, remains the primary sector, up by 5.6% and continued its momentum by recording its strongest growth for a quarter since 2010 (+ 1.8% after + 0.9%).