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BEAC predicts stagnant business environment in Q2 of 2021

The Bank of Central African States BEAC reveals that companies in the CEMAC zone will face enormous challenges in the second quarter of 2021. It is the outcome of a study carried out by the institution at the end of the first quarter of the year.

Economic activity in the six CEMAC countries (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea) between April and June 2021 will be much stronger year-on-year, testifying to an economic recovery. But compared to last year when the COVID 19 sunk the economies of the six member states, growth will be stagnant.

According to the central bank of CEMAC states, this forecast test is a “quarterly document of a prospective nature, based on surveys carried out among business leaders, administrators and other key players. of the various branches and sectors of activity of CEMAC”.

The economic stagnation CEMAC notes could lead to a strengthening of economic restrictive measures, with the corollary “sluggishness of activity” over the next three months. The BEAC document also highlest contrasting fortunes in economic activities in the sub region.

In primary sector , for example, between April and June 2021, stability in oil, fishing and livestock activities will contrast with an increase in the level of activities in agriculture, forestry and exploitation. gas, we learn.

“The secondary sector would also be stable, with however a significant improvement in construction activity (buildings and public works). Finally, in the tertiary sector, activity should remain sluggish, with the trade branch still lacking in vigor and those of air transport, hotels and restaurants suffering from the effects of a second wave of Covid-19, more virulent than the first.”

Economic operators in the CEMAC zone are expected to take appropriate measures in order to navigate through the challenging times.