Cameroon:CFA franc zone offers support and relative stability
Over a long-term perspective, the rate of economic growth in Cameroon has been below the average for Africa. This is partly a result of the long-term decline in oil output, although expansion in the non-oil sector
enabled GDP to grow by over +4% in 2011 and 2012.
Within an overall programme of economic diversification away from oil, the construction (mainly through infrastructure projects) and agriculture and forestry sectors are being promoted.
Social Risk Index: Structural determinants of social risk
As the Covid-19 pandemic pushes the global economy into the worst recession since WWII, systemic social risk could become a more important factor of political risk and worsen the business climate in some countries.