Zambia’s economic growth is seen rising to 4 per cent from 3.4 per cent in 2017 and 4.2 per cent in 2018, the World Bank said on Monday.
World Bank’s senior financial management specialist Srinivas Gurazada said at a meeting with mining firms in Lusaka that the growth would be due to a jump in copper prices and improved power supply.
“Zambia is on a slow economic recovery path,” Gurazada.
The government has forecast that the economy would grow 3.4 per cent this year from around 3 per cent in 2016.
The forecast was due to low copper prices, power shortages, inflation and a government cash crunch that restricted investment into new projects. (Reuters/NAN)
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