Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 25

Posts Tagged ‘democratic republic’

Democratic Republic of Congo: Research and Markets

Posted by fidest press agency su giovedì, 24 agosto 2017

congoThe Democratic Republic of Congo (formerly Zaire) was under a 30-year dictatorship between 1967 and 1997. Since then the country has suffered from several wars and considerable social upheaval. There remain violent conflicts in the eastern part of the country, exacerbated by considerable corruption within the government as well as by ethnic tensions resulting from disputes among and within bordering countries which have spilled over in the DRC itself. These circumstances have made it difficult for the government to extend its control in these regions.The economy is heavily dependent on revenue from the mining sector though much economic activity occurs informally and is not reflected in GDP data. The global economic crisis reduced GDP growth to around 3% in 2009, but it grew steadily in subsequent years, peaking at 9.5% in 2014. Since then, though, GDP has fallen to just over 2%, a decline largely caused by the turbulent security situation. It is expected to remain stable at this level for the next two to three years, largely supported by mining, though the accuracy of monitored economic growth continues to be questionable.

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