Mvunga Talks Up Zambian Economy on Forbes

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How Zambia Is Defying the Odds In The Face Of Economic Pressure – A Q&A with Christopher Mvunga African economies are primed to be ranked among the fastest growing in the world in 2019. According to the International Monetary Fund (IMF), projections for the region’s economic growth next year has been bumped up to 3.5% – 4% from earlier projections of 3% growth. If you set aside Angola, Nigeria, and South Africa, the region’s projected growth rate jumps to 5.7%. Among those nations primed for growth is Zambia, which thanks to the steady rebound of commodity prices, an improvement in the global economy and improved capital market access, enjoyed 5% growth in the third quarter of 2018, up a half-point from a year earlier. Still, as many analysts express concern over the country’s management of debt, a fiscal consolidation programme has boosted confidence, resulting in improving medium and long-term forecasts for the country’s potential growth.

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