The World Bank has revised Zambia’s real GDP growth projection for 2018 downwards to 3.3 per cent, down from 4.3 per cent, triggered by dampened agricultural activity, among other factors. And World Bank country manager Dr Ina-Marlene Ruthenberg says the country’s lending rates remain too high for the private sector to borrow credit and create enough jobs in the economy. According to the Bank’s latest Economic Brief released in Lusaka, Thursday, Zambia’s real GDP growth projection for present year has been revised downwards to 3.3 per cent, down from 4.3 per cent, triggered by dampened agricultural activity, among others. Data from the Brief shows that the agricultural sector, among other key sectors of the economy, will face severe headwinds this…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe