Publication: CEMAC Economic Barometer, June 2025, Vol. 8
Loading...
Other Files
9 downloads
2 downloads
7 downloads
Date
2025-07-21
ISSN
Published
2025-07-21
Author(s)
Editor(s)
Abstract
The CEMAC Economic Barometer is a semi-annual World Bank publication that presents a snapshot of recent developments in and the economic outlook of the CEMAC region, followed by a brief assessment at the country level. Economic activities in the CEMAC region are estimated to have expanded by 3.0 percent in 2024 (up from 2.0 percent in 2023). However, growth is expected to decelerate to 2.4 percent in 2025 amid declining oil prices, subdued global demand, and a highly uncertain global trade environment. Inflationary pressures continued to gradually abate, which allowed the regional central bank (BEAC) to start easing monetary policy in early 2025. The region’s reserve, fiscal and trade positions deteriorated in 2024 due to lower oil prices, highlighting CEMAC’s high exposure to volatile markets for hydrocarbons and, to a lesser degree, a few other commodities like timber and minerals. A worrying trend in CEMAC, from a development point of view, is the rising poverty levels. In view of modest growth, high unemployment and lack of economic opportunities, especially for the youth, a third of CEMAC’s population is estimated to live in extreme poverty by 2024, that is, under $2.15 per day in 2017 PPP. To foster more robust growth, create more jobs, develop regional and global trade, and lift more people out of poverty, CEMAC countries need to create better conditions for local firms to grow, invest and hire more, and expand their exports. In this context, it would be essential to accelerate reforms foreseen in the regional economic plans, including CEMAC’s Economic and Financial Reform Program (PREF-CEMAC II) and the upcoming Regional Economic Program.
Link to Data Set
Citation
“World Bank. 2025. CEMAC Economic Barometer, June 2025, Vol. 8. © World Bank. http://hdl.handle.net/10986/43468 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Related items
Showing items related by metadata.
Publication CEMAC Economic Barometer, December 2023, Vol.5(Washington, DC: World Bank, 2024-01-09)The CEMAC Economic Barometer is a World Bank publication that presents a snapshot of recent developments in and the economic outlook of the CEMAC region, followed by a brief assessment at the country level. The Economic Barometer also includes a focused technical section on a theme of regional relevance. This edition’s special topic provides policy options for the CEMAC countries to take better advantage of future commodity price booms.Publication CEMAC Economic Barometer, May 2024, Vol. 6(Washington, DC: World Bank, 2024-07-02)The CEMAC Economic Barometer is a semi-annual World Bank publication that presents a snapshot of (i) recent developments in and the economic outlook of the CEMAC region, and (ii) key development and reform priorities in the CEMAC region, followed by (iii) a brief assessment at the country level.Publication Global Economic Prospects, June 2011(2011-06)The global financial crisis is no longer the major force dictating the pace of economic activity in developing countries. The majorities of developing countries has, or are close to having regained full-capacity activity levels. As a result, country-specific productivity and sartorial factors are now the dominant factors underpinning growth. Macroeconomic policy in developing countries needs to turn toward medium-term productivity enhancements, managing inflationary pressures re-establishing the fiscal and monetary cushions that allowed most developing countries to come through the crisis so well. In contrast, activity in high income and some developing European countries continues to struggle with crisis-related problems, including banking-sector, fiscal and household restructuring. The remainder of this report is organized as follows. The next section discusses recent developments in global production, trade, inflation, and financial markets, and presents updates of the World Bank's forecast for the global economy and developing countries. This is followed by a more detailed discussion of some of the risks and tensions in the current environment, and a short section of concluding remarks. Several annexes address regional and sartorial issues in much greater detail.Publication Comoros Economic Update, June 2025(Washington, DC: World Bank, 2025-07-21)Comoros has a rare opportunity to break from its historical cycle of low growth by leveraging recent stability to implement transformative policies that promote inclusive development and resilience. Despite achieving greater stability since reunification, the economy has not broken from its historical pattern of stagnation. Growth has remained persistently weak, keeping per capita income virtually unchanged over time. This prolonged underperformance has left poverty levels stubbornly high, with minimal improvement compared to peer nations. The country’s limited progress has been further exposed by recent global shocks, underscoring the urgent need for transformative policies to spur inclusive growth and build resilience. However, the enhanced stability that the country has recently achieved, coupled with the opportunity to host the 2027 Indian Ocean Island Games, represents a pivotal turning point for driving reform momentum.Publication Republic of Congo Economic Update, 10th Edition, June 2023(Washington, DC: World Bank, 2023-06-26)This is the tenth edition of the Republic of Congo Economic Update. Each edition of this annual report presents an overview of the Republic of Congo’s (ROC) evolving macroeconomic position, followed by a detailed exploration of a specific topic. The first chapter of this year’s update presents recent economic developments and macroeconomic outlook and risks. It also includes policy actions that could help strengthen fiscal and debt sustainability, contain food inflation, and sustain economic recovery. The second chapter discusses fossil fuel subsidies, which represent a significant fiscal burden in the Republic of Congo.
Users also downloaded
Showing related downloaded files
Publication Algeria Economic Update, Spring 2025(Washington, DC: World Bank, 2025-06-20)Algeria’s economic growth remained robust in 2024 but is expected to slow moderately in 2025. Strong investment momentum and robust growth in household consumption, both fueled by government spending, supported manufacturing and services activity, while agricultural production accelerated. However, growth in domestic demand boosted imports, which, combined with lower hydrocarbon production and exports, weighed on growth. Overall, non-hydrocarbon GDP grew at a pace of 4.8 percent, offsetting the 1.4 percent contraction in GDP from hydrocarbons. Real GDP growth is projected at 3.3 percent in 2025, driven by the rebound in growth in the hydrocarbon sectors (+1.6 percent), boosted by the recovery of OPEC production quotas and gas production. Non-hydrocarbon growth is expected to slow (+3.6 percent), driven by the expected consolidation of public spending, which would be more marked for investment. Agricultural production is expected to remain robust despite limited rainfall, offsetting the slowdown in industry and services. The analysis of productivity trends in different sectors offers avenues for reflection to accelerate the structural transformation of the Algerian economy. The public-spending-led growth model resulted in important economic and social achievements in the 2000s, before slowing down in the last decade as the pace of spending growth became unsustainable. In doing so, this growth model has steered employment to low-value-added sectors, including non-commercial services and construction. In addition, a comparative analysis of Algerian productivity suggests a heterogeneous performance, with strong momentum in the agricultural sector contrasting with limited gains in the manufacturing sector. Thus, a growth acceleration could be achieved by increasing productivity gains in the manufacturing and services sectors, on the one hand, and a gradual reallocation of employment to high-value-added sectors on the other, combined with a gradual rebalancing of public spending. Such an economic transformation calls for targeted cross-cutting and sectoral policies to support growth and jobs in the private sector, while equipping workers with the necessary skills.Publication Mapping Impact In Chad(Washington, DC: World Bank, 2025-06-25)In the Sahel, Adaptive Social Protection (ASP) is a set of social protection policies, systems, and programs that promote human capital, productivity, and resilience of the poorest and strengthen their capacity to prepare for, cope with, and adapt to shocks. Through the delivery of regular social safety nets, productive inclusion interventions, and shock-responsive programs, ASP has demonstrated strong positive impacts on various dimensions in the Sahel. For the poorest and most vulnerable, it has resulted in improvements in household welfare and food security, productivity, and resilience. More broadly, it has shown significant positive impacts on the economy, society, and future generations.Publication Port Reform Toolkit(Washington, DC: World Bank, 2025-07-31)Ports are undergoing constant transformation, induced by changes in the global economy, technology, or the environment. Port reform is influenced by factors that include aspirations for change underpinned by complex internal and external drivers. In a sector where public and private interests must work together, closely managing change is important. Having the right tools is key for a successful port reform and improvement process which enables economic growth, creates jobs, and fosters sustainable development. For over two decades, the Port Reform Toolkit has been one of the most comprehensive guides for implementing port reforms. Along the way, the Toolkit has evolved in response to changing sectoral trends. The first edition, published in 2001, established a common language for policymakers and port industry stakeholders. It has since become the established reference for port privatization, labor, and modernization programs. Further experiences from a first wave of port reforms in Latin America, Africa, and Asia in the 1990s and early 2000s informed the second edition of the Toolkit, which was released in 2007. By that time, ports in developing economies had attracted over 21 billion dollars in investments from over 200 public-private partnership projects. In this context, the Port Reform Toolkit enabled port stakeholders to provide strategic advice to governments and the private sector.Publication Guidance Note(Washington, DC: World Bank, 2025-06-30)Children born in West African countries today are expected to reach 30 to 40 percent of their potential productivity in the future, due to poor health and education outcomes. Social safety net programs that include human capital accompanying measures are well placed to encourage household level investments in child health, nutrition, education, and development and strengthen the impact of social protection programs on human capital outcomes. Human capital accompanying measures, defined as communication activities that encourage investments in human capital, are widely implemented in West Africa. However, content and implementation modalities vary across countries, and need to take into account a variety of different factors to be effective and operational. This guidance note outlines the steps and considerations for developing human capital accompanying measures in West African countries, further standardising their design and implementation. It is designed to be a starting point for practitioners. Step-by-step guidance is provided on the development of content, identification of the recipient population, identification of service providers, design of program activities, and design of monitoring and evaluation systems. Each section details key considerations, the average timeline, stakeholders involved in each decision, and good practice from similar contexts. This guidance note concludes with an examination of two case studies of human capital accompanying measures that have proven to be effective and/or impactful in The Gambia and Mauritania.Publication Mapping Impact in the Sahel(Washington, DC: World Bank, 2025-06-25)Enhancing resilience to climate change is an urgent imperative in the Sahel. Temperatures in the Sahel are rising 1.5 times faster than the global average, leading to extreme temperatures and more erratic and intense rainfall. Climate-related shocks are becoming more frequent and severe, particularly droughts and floods. These crises risk pushing 13.5 million more Sahelians into poverty by 2050 and deepening cycles of fragility and vulnerability, if urgent adaptation measures are not taken.