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World Bank sees Zambia economic growth at 4 percent in 2017
February 20, 2017 / 8:51 AM / 9 months ago

World Bank sees Zambia economic growth at 4 percent in 2017

LUSAKA, Feb 20 (Reuters) - 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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