After Covid-19 devastation, tertiary industry will again be the engine of Cameroon’s growth in 2021 (INS)

(Business in Cameroon) – During 2021, Cameroon’s economic activity recovered by 3.6% after the decline observed in 2020 (0.3%). The year was marked by the coronavirus pandemic, which caused a slowdown in the global economy. According to the National Statistical Institute (INS), which just released its 2021 report on national accounts, “ This resurgence of national economic activity has been seen in almost all sectors of activity, but more so in sectors most affected by the crisis, especially in services such as transport, accommodation, catering and industrial activities. “.

But above all, it highlights the organization responsible for developing Cameroon’s official statistics.”After a notable growth rate of 4.3% in 2021 versus 0.1% in 2020 and 0.1 percentage point in 2020, the contribution to GDP growth in 2021 will be 2.2 percentage points, with tertiary Achieved performance before the crisis related to , and resume its role as a growth engine for the national economy“.

INS continues:The dynamics of the sector are the result of the good performance of activity in all sub-branches, especially transport and storage, accommodation and catering services, which contributed to growth by 0.6 points and 0.4 points respectively. These two sub-branches benefited from an upturn in primary and secondary sector activity, with 5.6% (against his 0% in 2020) and 7.3% (against his -8.4% in 2020) respectively. ) grew up. These activities are being boosted by the resumption of global mobility and the impact of post-Covid 19 recovery measures.“.

Telework

In fact, according to various official reports, after the first case of coronavirus was discovered in Cameroon at the beginning of March 2020, restrictions imposed by the state caused transport, catering, hotels and accommodation, and even trade to close. , all of which are part of the tertiary sector and are the people who have suffered the most in this pandemic.

You lost 100% of your revenue. Somehow all hotels were closed. The balance is negative. The hotel is empty.no customersChantal Lewat, president of the Hotel and Tourism Employers Union, a sector of activity that has been completely washed away by the pandemic, like air transport, confided in Chantal Lewat (international traffic fell 62% in 2020). and editor’s note), rail (61% decrease in passenger numbers between 2016 and 2020, editor’s note), and shipping.

“Total trade volume fell by 16% in the first half of 2020. Exports and imports fell by 14% and 16% respectively.”Commerce Minister Luc Magloire Mbarga Atangana made the announcement at a cabinet meeting in June 2020. In addition to the slowdown in domestic production activity, the decline in import and export activity blamed by this member of the government has been followed by turmoil. of international supply chains caused by containment measures generalized worldwide.

In this dark picture of Covid-19 damage in Cameroon’s tertiary sector, telecoms and financial services are exceptions, boosted by the explosion of telework and e-banking during the pandemic. This trend has continued in 2021, despite the easing of the health crisis.“Banking and financial institution activity improved by nearly 8 percentage points to 10.3% in 2021, while telecommunications activity maintained good growth from 5.3% in 2020 to 6.1% in 2021.“, highlighting the INS report.

Bryce R. Mbodiam

Also Read:

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29-04-2020 – Coronavirus hurts Cameroon’s hotel and accommodation sector

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