Economy / Congo, Dem. Rep.
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Macroeconomic Forecast Democratic Republic of Congo
May 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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On the back of rapid economic growth, strong FDI inflows, and surging oil prices, we have revised up our current account deficit to 11.8% of GDP in 2008 (up from our previous forecast of 10.9%). More importantly, thanks to the recent investment deal with the Chinese government, we believe that demand for imports will increase even further in 2009 and forecast now a deficit of 18.0% of GDP in 2009.