DRC expects 3.2% economic growth in 2021

According to the latest estimates made from production data at the end of September 2020, the real GDP growth of the DR Congo should stand at 0.8% in 2020 according to the Central Bank (BCC) which expects an increase of 3.2% in 2021.

After reaching 5.8% in 2018, economic activity has already slowed down in 2019 with a growth rate of 4.4%, due to the fall in the prices of raw materials, in particular of cobalt and copper which represent more 80% of the country’s exports. These effects, combined with the consequences of the Covid-19 pandemic, have further dragged growth down in 2020.

At the beginning of the pandemic, the authorities revised growth projections from 4.6% to 4.1% in 2020 in April.

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