UNICEF Social Inclusion, Policy and Budgeting

Impacts of the Global Economic Crisis on Child Poverty in Cameroon

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AUTHOR Sami Bibi, John Cockburn, Christian Arnault Emini, Ismaël Fofana, Paul Ningaye and Luca Tiberti
ORGANIZATION Innocenti Research Centre
TYPE Working Paper
DATE 2010
TOPIC Economic crisis and recovery
LANGUAGE English and French
ABSTRACT

The international financial crisis, which started in the summer of 2007 with the subprime crisis in the United States, developed into a world economic crisis by 2008. Indeed, most industrialized countries entered recession in 2008, leading to global slowdown in economic activity. The IMF's forecasts in 2009 predicted a lower growth rate of world production, falling from 3.25% in 2008 to -1.25% in 2009, before returning to positive territory in 2010 at 2%, thanks to fiscal stimuli and various relief measures for the financial sector, applied through the world and particularly in advanced economies.

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