Congo central bank lowers 2019 GDP growth forecast to 4.6%

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Vue de la Banque centrale du Congo (BCC) le 31/01/2017. Radio Okapi/Ph. John Bompengo

KINSHASA (Reuters) – The Congolese central bank expects the economy to grow 4.6% in 2019, after revising down an earlier estimate of 5.1% during a policy meeting on Friday.

The new figure is more in line with a forecast from the International Monetary Fund, which expects growth this year of 4.3% because of lower copper and cobalt prices.

Reporting by Hereward Holland; Writing by Alessandra Prentice; Editing by Alex Richardson

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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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