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Beac eyes 4.7% construction-driven economic growth for CAR in 2019

Friday, 19 July 2019 12:33
Beac eyes 4.7% construction-driven economic growth for CAR in 2019

(Ecofin Agency) - Economic growth in the Central African Republic is forecasted to reach 4.7% this year, the Bank of Central African States (Beac) reports. This figure is higher compared to the 3.8% last year but down compared to the 5% forecasted by the IMF for the year.

Such a growth is going to be achieved, Beac says, through good performances in the infrastructure sector, construction especially, and the improvement of budget surplus (2.8% this year against 0.4% in 2018). Moreover, Beac forecasts inflation to increase to 3% against 1.7% in 2018, and money supply growth to reach 9.5%, from 15.3% in 2018.

Moutiou Adjibi Nourou

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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