Macroeconomic Forecast Democratic Republic of Congo

May 2008 | Macroeconomic Forecasts

We maintain our year-end inflation forecast of 14.0% y-o-y, mainly because we believe that rising food and fuel prices, as in many other parts of sub-Saharan Africa, will continue to pose significant upside risks over the course of 2008. Indeed, headline inflation eased from 15.1% y-o-y in March from 15.8% in February, but the central bank highlighted at the beginning of April that increasing fuel price pressure is likely to outweigh the reduction in government expenditure, possibly leading to a renewed acceleration in inflation over the coming months.

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