Congo GDP growth seen at 5 pct in 2018 - Central Bank

By Kitco News / January 12, 2018 / www.kitco.com / Article Link

KINSHASA, Jan 12 (Reuters) - Congo's Central Bank on Friday raised its economic growth forecast for 2018 to 5 percent from 4.4 percent last month, but lowered its 2017 growth estimate to 3.5 percent.

Congo's economy is expected to get a boost from a rebound in commodities prices after a dip since 2015 dented revenues and reduced growth to 2.5 percent in 2016.

The mining and oil sectors account for some 95 percent of export revenues in Congo, Africa's top copper producer.


(Reporting By Amedee Mwarabu; Writing by Edward McAllister; Editing by Hugh Lawson)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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