The economy of the countries of the Central African Economic and Monetary Community (CEMAC) is expected to recover in 2022. Indeed, the growth rate of the sub-region’s economy is expected to stand at 3.4% after 1.5% in 2021. This dynamism is the result of the lifting of measures to contain the COVID-19 pandemic, but also to the fact that the sub-region has been able to take advantage of the consequences of the Russian-Ukrainian conflict, characterized in particular by the increase in the price of oil on the world market, as well as the prudent management of resources resulting from it within the framework of development programs. The national economy was affected, in particular, by: widespread inflationary pressures following the Russia-Ukraine conflict and the increase in maritime freight; the rise in the prices of the main raw materials, particularly crude oil; the appreciation of the dollar. In this context, the economy is expected to record almost the same growth rate as in 2021 (3.6%). According to national accounts data, at the supply level, over the first nine months of the year, the economy recorded a growth rate of 3.6% compared to the first nine months of 2021. This positive development can be explained by the good performance of the divisions: “Financial Services” (14.8%); “Forestry and forest exploration” (10.4%); “Information and communication” (10.1%). On the demand side, growth is driven by final consumption, which varies by 3.2% over the first nine months compared to the same period the previous year. The inflation rate is 6.3% in 2022. It is above the CEMAC community standard of 3.0%. Inflationary pressures have been mainly driven by food prices, including the prices of oils and fats, breads and cereals, fish and seafood, milk, cheese and eggs, and vegetables.
