Economy / Congo, Dem. Rep.
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Macroeconomic Forecast Democratic Republic of Congo
February 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite our rather pessimistic view of the political situation, we see some good news for the economy ahead. Real GDP growth should maintain historically and regionally high levels of 6.0% in 2008 and 2009 and debt levels should continue to fall, from their current 129% of GDP to a more manageable 61.8% in 2008 and 34.0% by 2009, thanks to international debt relief. As external debt payments in 2007 ate up one third of the country's budget, the lower burden should leave the government a little more room to breath.