Economy / Congo, Dem. Rep.
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Macroeconomic Forecast Democratic Republic of Congo
July 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 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.