Congo central bank expects 4.4 pct GDP growth in 2018

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KINSHASA (Reuters) – Congo’s central bank said on Wednesday it expects GDP growth to hit 4.4 percent in 2018, up from 3.2 percent this year, and for inflation next year to fall to about 28 percent from roughly 50 percent this year, as commodity prices and mining output rise.

Governor Deogratias Mutombo also told reporters in the capital Kinshasa that the Bank now has $810.85 million in foreign currency reserves, representing 3.56 weeks of imports, up from $660 million at the end of September.

Reporting By Amedee Mwarabu; Writing by Aaron Ross; Editing by Tim Cocks

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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