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…

Coronavirus: "The book chain threatens to become a real skittles game", worries the director of the publishing house Talents Hauts

"The book chain threatens to become a real game of skittles", worries the founder and director of the publishing house Talents Hauts, specialized in children's literature, Laurence Faron Wednesday May 20 on Franceinfo, while health crises and economic weigh on the publishing world. She asked "that libraries, schools, universities be given budgets" allowing them to place "strong public orders".
Coronavirus: "The book chain threatens to become a real skittles game", worries the director of the publishing house Talents Hauts

Laurence Faron: Everyone is worried. The book chain is threatening to become a game of skittles. The book chain means the author, including various suppliers, graphic designers, printers, publishers, booksellers, but also all trade show networks. It is a real chain which is both solid because it is long, but fragile because each of the links in this chain is very fragile. So, I worry. I have relatively little concern for my own house, because it is a house that already has a certain size. But I think especially of all these small independent publishing houses which make up the richness of our network of literature.

Are you asking for aid measures for the sector?

In terms of the publishing sector as a whole, we need strong public measures, like all economic sectors. There are many very small and medium-sized publishing houses like Talents Hauts that are threatened with a cash crisis. But there is also a responsibility for everyone, for the whole public. Readers, buyers of bookstores who must realize that editorial diversity requires the diversity of publishing houses and that we must therefore ensure their survival in this difficult period. (…) I think that it is necessary to strengthen respect for the Lang law, perhaps to discuss it again. There may also be strong public orders, that libraries, schools, universities have budgets allowing the purchase of books, whether for young people, of course, this is crucial, but also in all sectors. It is a large-scale program that should be managed to put in place not only to support the houses, but the whole chain of the book, which must not become a game of skittles.

The book chain broke during confinement with publications postponed or suspended. Are things starting again now?

It is much too early because we are a little bit in the middle of the chain. There is a real desire for takeover by booksellers and customers, which is a very good thing. It has to last. The big unknown, like everyone else, is the future behavior of consumers. What I already see is first of all the authors and authors who were impoverished before the crisis, who will find themselves even more fragile now. But also, I learned yesterday the receivership of one of our clients so I have unpaid invoices to come, so necessarily that weakens Talents Hauts. This is still an isolated case, but we obviously can not exclude that it multiplies, unfortunately.