Prospects for 2014 growth: 6.8% in Uemoa zone, 5.6% in Cemac zone

The monetary policy of the two sub-regions committees made public their figures for the third quarter. Economic and Monetary Union of West-Africa (UEMOA) should achieve growth of 6.8%, according to the monetary policy Committee (JPC) of the Central Bank of in West Africa after a meeting Wednesday, 3rd December, in Dakar.

In a statement, the Committee stressed that economic activity has been well oriented in the third quarter, which strengthens these forecasts. According to the text, this economic performance would be printed by the strengthening of the agricultural and industrial sector as well as by the steadiness of the production of the domestic buildings and public works (BTP) and production in association with the increase in public investment.

Within the community of Central Africa (Cemac), economic and monetary Bank of the States of Central Africa (BEAC), projected a growth of GDP of 5.6% in 2014.

This growth is "due on the one hand to the increase of oil production, the strength of domestic demand, and a resurgence of activity in the non-petrol sector, in correlation with the good conduct of prices of certain raw materials, and the dynamism of the 'buildings and public works' branch and manufacturing industries", noted the BEAC, October 31, 2014, at the end of the national monetary and Financial Committee of Cameroon.