[miningmx.com] – THE economy of the Democratic Republic of Congo (DRC) may grow 8.7% owing to record copper production, said Bloomberg News citing a forecast from the International Monetary Fund (IMF).
The DRC’s copper production was 900,000 tonnes in 2013, a near 50% increase on the 620,000 tonnes produced in the previous year. The economy grew at 8.5% while inflation slowed to 1.1%, the IMF said.
“The short-term economic outlook continues to be promising with low inflation and GDP growth projected at 8.7% for 2014 driven by continued buoyant mining sector activity,’ IMF officials said after a 15-day visit to the central African country.
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