PESA Editorial on the DRC: 1H2022/23

The DRC’s economy has recovered from the shock caused by the COVID-19 pandemic. Real GDP growth is projected to increase from an annual average of 4.0% for 2019 to 2021, to 6.4% in 2022. Inflation is projected to decrease from an annual average of 8.4% for 2019 to 2021, to 6.4% in 2022. The DRC’s inflation is projected to improve due to recovery of commodity prices underpinning a strong CDF exchange rate despite the fact that sanctions against Russia have increased the price of crucial imports. In the medium-term period from 2023 to 2025, real GDP growth is projected to increase to an annual average of 6.8%. Meanwhile, inflation is projected to decrease to an average of 5.7% over the medium-term from 2023 to 2025.