Zambia GDP growth seen rising to 6.1% by 2020

PUBLISHED: Mon, 11 Sep 2017 10:13:30 GMT

Zambia’s economy will grow by 5.0 percent in 2018, 5.1 percent in 2019 and 6.1 percent in 2020, up from 4.3 percent in 2017, the ministry of finance said in a statement on Sunday.

The country’s fiscal deficit is expected to be 7.0 percent in 2017, 6.3 percent in 2018 and 4.3 percent in 2019, then drop to 2.6 percent in 2020, it said.

Inflation is expected to remain 6 to 8 percent from 2017 to 2020, the statement said.

Reporting by Chris Mfula; Editing by Larry King

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