Cameroon’s prospects have improved over the past quarter. High commodity prices coupled with the ongoing recovery in global trade bode well for fiscal revenues, export receipts, and economic growth. The country showcased its resilience against the Covid-19 pandemic last year, as it managed to avoid a recession. We forecast real GDP growth of 3.3% in 2021 as agricultural and industrial activity continues to build, while trade recovers gradually. Covid-19 vaccine hesitancy is a real issue in the country, though, and possible further waves of infection pose a downside risk to our outlook.
Cameroon: The following represents a general Table of Contents outline for the Country Economic Forecast. The actual report may cover any or all of the topics listed below. - Highlights and Key Issues - four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview - Forecast Table showing % changes for the country - with 2 years of historical data and 4 years of forecast data for the following: - Domestic demand - Private consumption - Fixed investment - Stockbuilding (% of GDP) - Government consumption - Exports of goods and services - Imports of goods and services - Consumer prices - Current account balance (US$ and % of GDP) - Government budget (% of GDP) - Short-term interest rates (%) - Long-term interest rates (%) - Exchange rate (vs. US dollar) - Exchange rate (vs. euro) - Economic Overview - two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts - Charts and Tables - covering a full range of economic developments relevant to the time period covered. These could include such topics as: - Contributions to GDP growth - Monthly industrial output - Unemployment rate - Retail sales - Prices and earnings - Consumption and investment - Government balance and debt - GDP and industrial production - Monetary base and bond yields - Background Information on the country - One or two pages of text covering the main historical political and economic factors that determine the country's current position - Key Facts on the country - Map of the country - Key political facts - Long-term economic and social development - Structure of GDP by output - Long-term sovereign credit ratings and outlook - Corruption perceptions index- latest year - Structural economic indicators - Destination of goods' exports -prior years - Composition of goods & services exports - latest year
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