Fast Market Research

Cameroon Business Forecast Report Q2 2014 - New Market Study Published

Recently published research from Business Monitor International, "Cameroon Business Forecast Report Q2 2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 03/31/2014 -- The worsening crisis in the Central African Republic will have a destabilizing effect on eastern Cameroon, forcing the country to increase its military presence along the poorly defended frontier. Violence will remain limited to the provinces of East and Adamaoua, and will not pose a threat to major Cameroonian population centres.

Rising consumer spending and government investment in capital projects will contribute to accelerating Cameroonian economic growth in 2014. We predict that real GDP growth will reach 5.3% this year, an increase from 4.9% in 2013. Economic expansion will remain around 5% over the duration of our 2014-2018 forecast period.

Production at several newly opened oil wells will boost Cameroon's exports in 2014, leading to a moderation in the country's current account deficit. New projects will not prevent the maturation of the country's main oil fields from causing total petroleum exports to decline over the coming years. We predict that Cameroon's current account deficit will stabilise around 4% of GDP.

View Full Report Details and Table of Contents

Contained inflation in most states and a regional economic recovery make it unlikely that the Banque des Etats de l'Afrique Centrale will cut rates again in 2014. Were the central bank to act, however, BMI stresses that Central Africa's shallow financial system and weak transmission mechanisms mean that a change in monetary policy would have little impact on the region's economy.

A combination of rising oil production and higher domestic revenues will cause Cameroon's fiscal deficit to narrow in 2014, but high spending on both capital projects and government administration will cause the country's budget shortfall to stabilise between 2.0% and 3.0% of GDP over the duration of our 2014-2018 forecast period.

Over the next 10 years we see Cameroon's growth exceeding long-run levels, averaging around 5.0% annually. A weak business environment and poor governance have long held down growth, however, and we expect them to continue to constrain economic expansion over the decade to come.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Country Reports research reports at Fast Market Research

You may also be interested in these related reports:

- Chile Business Forecast Report Q2 2014
- Brazil Business Forecast Report Q2 2014
- Hungary Business Forecast Report Q2 2014
- Croatia Business Forecast Report Q2 2014
- Trinidad & Tobago Business Forecast Report Q2 2014
- Canada Business Forecast Report Q2 2014
- Russia Business Forecast Report Q2 2014
- Albania Business Forecast Report Q2 2014
- Lithuania Business Forecast Report Q2 2014
- United States Business Forecast Report Q2 2014