January 12, 2018 / 5:08 PM / 3 months ago

Congo GDP growth seen at 5 pct in 2018 - Central Bank

KINSHASA, Jan 12 (Reuters) - Congo’s Central Bank on Friday raised its economic growth forecast for 2018 to 5 percent from 4.4 percent last month, but lowered its 2017 growth estimate to 3.5 percent.

Congo’s economy is expected to get a boost from a rebound in commodities prices after a dip since 2015 dented revenues and reduced growth to 2.5 percent in 2016.

The mining and oil sectors account for some 95 percent of export revenues in Congo, Africa’s top copper producer. (Reporting By Amedee Mwarabu; Writing by Edward McAllister; Editing by Hugh Lawson)

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