Central African Republic's Economy on Downward Path, Growth Hindered by Insecurity
The Central African Republic's economy is struggling, with negative GDP growth and ongoing insecurity hindering progress. Inflation is low, debt is decreasing, but government revenue remains below pre-crisis levels. Despite challenges, the country's economic outlook is positive, with projected growth and improved external position. The main risk is violence escalating, which could impact basic services. The goal of the Economic Update series is to analyze economic trends in CAR annually to help the government and partners address challenges and seize opportunities for development.