IMF warns Zambia over risks

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Zambia is facing a difficult economic outlook, with inflation staying above central bank targets while growth remains low, staff from the International Monetary Fund warned.

The economic outlook for the small Southern African economy is “clouded by the ongoing drought and heightened debt vulnerabilities,” an IMF staff report said. GDP growth was likely to drop to 2% in 2019, the report said. Zambia’s drought has affected the country’s production of hydro-electric power as well as agriculture,

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