YAOUNDE Dec 21 Central Africa's six-nation
CEMAC economic bloc will see economic growth of 1 percent this
year, the regional central bank said, revising down an October
forecast of 1.7 percent.
The slowdown is due primarily to a prolonged slump in oil
prices, the BEAC bank said in a statement on Tuesday.
The resource-rich zone includes Cameroon, Gabon, Equatorial
Guinea, Chad, Congo Republic and Central African Republic.
Growth was 1.6 percent in 2015, according to the
International Monetary Fund (IMF). The IMF in August projected
1.9 percent growth in 2016 but said that from 2017 onward it was
expected to reach 3.5 percent a year, as oil prices gradually
(Reporting by Sylvain Andzongo; Writing by Nellie Peyton;
Editing by Emma Farge)