Macroeconomic Forecast Democratic Republic of Congo

On the back of ongoing increases in commodity prices (in particular metals) and FDI inflows, we have increased our real GDP growth forecasts for 2008 and 2009 to 9.9% and 12.3% respectively (up from our previous projections of 8.5% and 10.8%). Our revised 2008 estimate falls short of the Congolese central bank's new 2008 forecast of 12.0%, yet we believe that ongoing power constraints will limit mining output over the remainder of 2008, thus weighing on growth.

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