DR Congo Economic Outlook
November 16, 2021The situation has gone from bad to worse in recent weeks. On 8 November, the March 23 Movement—which seized large strips of territory in 2012 and 2013—captured two villages in the east of the country. The U.S. then issued a security alert warning against a potential attack on the provincial capital, causing thousands of people to flee to neighboring Uganda. On 9 November, however, the army announced it had driven out the rebels from the positions they had captured. The latest events have aggravated the already dire situation in the country, following mismanagement of the Covid-19 pandemic, a new Ebola outbreak in September and continued fighting with Islamic insurgents. Meanwhile, discontent with the president is growing over his appointment of a new electoral chief. The move is seen as a power grab to pave the way for another presidential term, but could fracture the ruling party.
DR Congo Economic GrowthGDP growth should speed up in 2022. The continued expansion of the Kamoa-Kakula copper mine will drive up investment, while the ongoing global recovery should further support the mining and external sectors. A firming labor market bodes well for household spending, but a low vaccination rate will keep Covid-19 outbreaks a real risk. Instability further clouds the outlook. FocusEconomics panelists see GDP growth at 4.7% in 2022, which is up 0.2 percentage points from last month’s forecast, and 4.9% in 2023.
DR Congo Economy Data
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5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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