IMF raises growth forecast for Congo

[miningmx.com] – THE Democratic Republic of Congo (DRC) would grow at a higher economic rate in 2013 than estimated as copper production more than offset lower diamond and cobalt output, said Bloomberg News citing a report by the International Monetary Fund (IMF).

The IMF’s growth forecast was 8.3% compared to a previous estimate of 6.2%. Growth in 2014 would be lower than first projected although this was the base effect of higher growth in 2013, it said.

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