Monday, 28 January 2013

Economy News Headlines - Yahoo! News: Cameroon's economy grows 5 pct, poverty deepens: World Bank

Economy News Headlines - Yahoo! News
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Cameroon's economy grows 5 pct, poverty deepens: World Bank
Jan 29th 2013, 05:23

Cameroon's President Paul Biya holds a ballot paper before casting his vote at a polling centre in YaoundeYAOUNDE (Reuters) - Cameroon's economy grew by around five percent last year, up from the 4.1 percent growth it showed in 2011, but under-investment in social safety nets contributed to worsening poverty, the World Bank said on Monday. An oil producer and the world's fifth-largest cocoa grower, Cameroon's economy, though Central Africa's largest, is also one of its slowest growing. It had initially targeted growth of 5.5 percent in 2012 after increasing budget spending. ...


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