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Cameroon's economy grows 5 pct, poverty deepens - World Bank

YAOUNDE, Jan 28 (Reuters) - Cameroon's economy grew by around five percent last year, up from the 4.1 percent growth it showed in 2011, but under-investment in social safety nets contributed to worsening poverty, the World Bank said on Monday. An oil producer and the world's fifth-largest cocoa grower, Cameroon's economy, though Central Africa's largest, is also one of its slowest growing. It had initially targeted growth of 5.5 percent in 2012 after increasing budget spending.
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