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World Bank projects better economic growth for Zambia

A LATEST World Bank report says Zambia’s medium-term prospects for economic growth are brighter and projected to improve to 4.2 percent next year and five percent in 2018.

According to the Seventh World Bank Zambia economic brief entitled: ‘Beating the slowdown, making every Kwacha count’ released yesterday, the report shows that despite the country facing a slowdown, investment in mineral and non-mineral sectors in the country remains attractive.

The report reads that gross domestic product (GDP) growth is forecast to remain close to 3.0 percent this year, assuming new power generation capacity comes on line and a better harvest is achieved. READ MORE

Source: Zambia Daily Mail

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