World Bank sees Zambia economic growth at 4 percent in 2017

PUBLISHED: Mon, 20 Feb 2017 13:56:03 GMT

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

“Zambia is on a slow economic recovery path,” the World Bank’s senior financial management specialist Srinivas Gurazada said at a meeting with mining firms.

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.

(Reporting by Chris Mfula; Editing by James Macharia)

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