CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Associations call for the opening of the RSA to those under 25

According to them, the exceptional measures announced by the government for 800,000 young people, students or precarious people "leave on the side of the road a whole part of the youth most affected by poverty".
 
Associations call for the opening of the RSA to those under 25

They are calling for an increase in active solidarity income (RSA) in the face of the economic shock caused by the coronavirus epidemic. In a column published in Le Journal du dimanche (paying article) dated May 10, associative representatives plead for the opening of the RSA to young people from 18 years old. Among them, Véronique Fayet (Catholic Relief), Florent Gueguen (Federation of Solidarity Actors), Claire Hédon (ATD Fourth World) as well as two LREM deputies Fiona Lazaar (National Council for Poverty Reduction Policies) and Aurélien Taché ( National Housing Council).

20% of young people live below the poverty line

The exceptional measures announced by the Prime Minister for 800,000 young people, students or precarious workers "leave on the side of the road a part of the youth most affected by poverty: young people on the street, those living in squats or in shelters with third parties, in an emergency accommodation center, in a hotel or even in families with modest incomes ", write the signatories.




Before the crisis, they were doing odd jobs, temporary work. Others received small revenues through digital platforms. The most precarious depended on begging or the economy of the resourcefulness, which is now at a standstill.

Before the age of 25, these young people are not eligible for social assistance. "This scandal is nothing short-term: today, in France, one in five young people lives below the poverty line," insist the signatories. According to them, "the looming recession will directly and permanently affect young people, especially the least qualified among them". They recall that between 2008 and 2010, "the number of young people looking for a job had increased by 72%".