Congo slashes growth forecast after drop in copper production

August 19, 2016

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The Democratic Republic of Congo cut its growth forecast for 2016 for the third time this year because of lower commodity prices and warned the economy could slow further if other industries don’t perform. The government “has duly noted the slowdown in economic growth in the DRC” in the first half, Prime Minister Augustin Matata Ponyo’s office said in a statement e-mailed from the capital, Kinshasa, on Thursday. It lowered the estimate for growth this year to 4.3%.

Category: General