The Effects of Devaluation on the Economic Growth of Cameroon
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The purpose of this study was to investigate the effects of Devaluation on the economic growth of Cameroon. As specific objectives the study had to investigate the effect of devaluation on the consumption, investment and gross domestic product of Cameroon. For this to be accomplished relevant literature was reviewed and necessary theories stated. The area of study is Cameroon and the data used are mainly secondary data of GDP, consumption and investment gotten from World Development Indicators (WDI). The method of analysis used is the ordinary least square method done through the SPSS software. The results showed that devaluation has a negative effect on the consumption of Cameroon. Devaluation has a negative effect on the investment of Cameroon. Devaluation has a negative effect on the GDP of Cameroon. And for any policy recommendation intending to improve the economic growth the government is advised to put a keen eye on the level of devaluation the country is witnessing and it will eventually affect the economic growth of Cameroon.