The demand surge for copper and cobalt exports sheds a positive light on the Democratic Republic of the Congo’s (DRC) GDP and demand growth outlooks. Coupled with renewed FX and inflation stability, the country is poised for a strong recovery this year, with a forecast to grow over 5% in 2021.
The recent reappearance of Ebola, though relatively small, has raised some concerns in the country’s east, which also continues to experience elevated levels of violence. The outbreak was far from major cities. But this could lead the DRC’s eastern neighbors to close borders, limiting market access for distributors serving multiple markets in the far northeast of the country. As the economy rebounds, multinational executives should review their product portfolios and ensure local partners are well positioned to capitalize on rising demand among existing and new customer segments.
Our Democratic Republic of the Congo Snapshot report dives deeper into six key drivers of the DRC’s economic and industry trends in 2021. Start your free trial of FrontierView today to access the full analysis from our Sub-Saharan Africa research team on the following drivers influencing your business, including:
- External Sector
- Growth Outlook
- Consumer Spending
- FX and Inflation
- Interest Rates
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