The growth rate of the real Gross Domestic Product (GDP) of the Congolese economic activity is expected to consolidate at 3.7% in 2024 compared to 1.5% in 2023, announced the Secretary General of the National Economic and Financial Committee of Congo (CNEF), Serge Dino Daniel Gassakys.

Gassakys indicated that this consolidation of the macroeconomic situation in the first quarter of 2024 is driven by the revival of investments in the oil sector.

Speaking at the end of the second regular meeting of the CNEF, he indicated that this evolution translates into a surplus of the overall budget balance based on commitments excluding donations and an increase in the money supply.

For its part, the projected inflation, in slight decline, should remain above the community threshold at 4.0% compared to 4.3% in 2023, mainly due to imported inflation and disruptions in the supply of electricity.

Regarding the different modes of financing the Congolese economy, the Committee noted an 11.8% increase in the balance of gross loans granted to customers to 1496.3 billion FCFA as of April 30, 2024, and a 7.7% increase in non-performing loans to 272.9 billion.

At the subregional level, the committee highlighted a GDP growth rate of 3.3% for the area in 2024, compared to 2.3% in 2023, indicating an overall positive evolution of economic activities, supported by the oil, mining, industrial, and commercial sectors, despite the still high levels of consumer prices

The source of the article is l'observateur