Cameroon’s Economy Projected to Grow 4.2% in 2025 Amid Cocoa Boom

Cameroon’s economy is projected to grow by 4.2% in 2025, influenced by increased consumer spending and a strong cocoa sector. However, public sector spending is anticipated to be restrained due to the upcoming presidential election, causing a slight widening of the budget deficit.

Fitch Solutions, part of Fitch Group, has projected that Cameroon’s economy will grow by 4.2% in 2025, an increase from 3.7% in 2024. This optimistic forecast is attributed to heightened consumer spending and developments in the cocoa industry. Analysts from Fitch highlight that improving household consumption, driven by easing inflation, coupled with major infrastructure initiatives and favorable prospects for cocoa exports, will support this growth.

In conclusion, Cameroon’s economic outlook for 2025 appears promising with a projected growth of 4.2% spurred by consumer spending and cocoa exports. However, it is important to note the expectation of restrained public sector spending due to upcoming elections, which may widen the budget deficit. The government’s commitment to controlling expenditures could influence the procurement landscape in 2025.

Original Source: www.businessincameroon.com