April 30, 2020 / 7:50 PM / a month ago

Congo's economy expected to contract due to coronavirus: central bank

KINSHASA (Reuters) - Democratic Republic of Congo has cut its 2020 economic growth forecast to -1.9% and is expecting its economy to contract due to the negative impact of the coronavirus pandemic, the country’s central bank said in a statement on Thursday.

The country’s extractive industry output is expected to drop 5.6% year-on-year. The pandemic has caused global trade to slow, forcing countries across central Africa to slash growth projections.

Reporting by Hereward Holland, Writing by Juliette Jabkhiro; Editing by Sandra Maler

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