01710cas a2200241 a 4500 AALejournalIMF015513 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513552248 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Republic of Congo : 2015 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (77 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2015 Article IV Consultation highlights that Congo's growth was strong in 2014 and inflation was moderated, but the country has been hit hard by the oil price shock. Growth rose to 6.8 percent in 2014, driven by a rebound in oil production. The fiscal deficit amounted to 8.5 percent of GDP in 2014, a near doubling from 2013, owing mostly to increased spending and the lower oil revenues. The near- and medium-term outlook will be shaped by developments in the oil sector and the path and quality of fiscal adjustment. GDP growth in 2015 is projected at 1 percent and to average about 3 percent per year during 2015-20. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/263 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/263/002.2015.issue-263-en.xml IMF e-Library