Fiscal Balance in DR Congo
DR Congo - Fiscal BalanceIncoming data suggests that growth has lost steam this year, after a robust turnout in 2018. While mining production recovered slightly in April–May, after slowing in the first quarter, lower global prices dragged on the sector. An acceleration in output of base metals in the first two months of Q2 was countered by a fall in prices following the escalation of the U.S.–China trade war in early May. This, coupled with a contraction in oil production in both April and May, likely weighed on merchandise export earnings. On 18 June, Moody’s downgraded the government’s credit rating from B3 to Caa1 with a stable outlook, citing the lack of a proper institutional framework to deal with economic or political shocks.
DR Congo - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
DR Congo Facts
|Exchange Rate||1,652||-0.78 %||Jul 11|
|Stock Market||0.5||0.0 %||Jul 11|
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