Thursday, December 18, 2008

Foreign Direct Investment in DR Congo Plunges

The IMF has slashed its projection for direct foreign investment in Congo for 2009 from $2.5bn to $800m.

It also cut its 2009 growth forecast by more than half to 4.4 percent due to weak demand for the DRC's commodity exports.

I have to say that to my non-expert eye, a growth rate of 4.4 percent is perhaps not as bad as it could be--given that we are widely said to be in the midst of the worst economic downturn since the Great Depression.

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