Zambia’s economy to grow by 4% in 2017 – WB

Zambia’s economic growth is seen rising to 4 percent in 2017 and 4.2 percent in 2018, the World Bank has said, predicting a jump in copper prices and improved power supply.WORLD BANK LOGO

Reuters reports that the World Bank’s senior financial management specialist Srinivas Gurazada has said at a meeting with mining firms that Zambia is on a slow economic recovery path.

The government has forecast that the economy would grow 3.4 percent this year from around 3 percent last year due to low copper prices, power shortages, inflation and a government cash crunch that restricted investment into new projects.

Government has since devised an economic recovery programme to help the country get back on the path of economic recovery

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