World Economy

Zambia Growth to Fall

Zambia Growth to FallZambia Growth to Fall

Zambia’s economic growth will fall below 4% in 2016 due to domestic challenges and one or two international pressures but will pick up in subsequent years, the World Bank said, NewsNow reported. Zambia’s inflation rate Srose sharply to 19.5% year-on-year in November from 14.3% in October, the Central Statistical Office said on Thursday. “The increase in the annual rate of inflation was attributed to both food and non-food items,” the agency said in a statement. On economic slowdown in 2016, World Bank senior economist Gregory Smith said at a media briefing that, “we expect growth to fall below 4% in 2016 and an improvement in growth in 2017 and 2018.”