Zambian economy to grow below 4%, says World Bank

Zambian economy to grow below 4%, says World Bank

LUSAKA (Reuters) – The World Bank expects Zambia’s economy to grow less than 4 percent this year, lower than an April projection of 4.1 percent, it said on Thursday.

“Economic growth in 2018 is projected to be below 4 percent reflecting the poor agricultural harvest, lower copper prices and fiscal debt challenges that are crowding out private sector growth,” the World Bank said in a report.

The World Bank said in April that Zambia’s economy is forecast to grow 4.1 percent in 2018 and 4.5 percent next year, lower than previous projections by the lender, because of the expected impact of poor rains.

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