Cameroon is the largest economy in the Central African Economy and Monetary Community (CEMAC), however, the country is considered a lower-middle-income nation and classified as a least developed country. Notwithstanding, in the last five years, Cameroon has recorded a slow-paced Gross Domestic Product (GDP) growth, reportedly hindered by the fall of oil prices, Boko Haram security challenges in the north, and the ongoing secessionist insurgency in the Northwest and Southwest regions of the country.
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