Bloomberg News

Central African Monetary Union’s Economy May Grow 4.8% in 2011

October 28, 2011

Oct. 28 (Bloomberg) -- The countries of the Central African Economic and Monetary Community may grow 4.8 percent this year from 4 percent in 2010, said Lucas Abaga Nchama, governor of the region’s central bank.

Growth will be led by the oil and construction industries, he told reporters in Yaounde, the Cameroonian capital, today.

Inflation in the group is seen at an average of 2.2 percent this year from 1.6 percent in 2010, he said. Cameroon, Gabon, Chad, Equatorial Guinea, Central African Republic and the Republic of Congo are members.

To contact the reporter on this story: Pius Lukong in Yaounde at plukong@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus